Control4 Enters Oversold Territory (CTRL)

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Thursday, shares of Control4 Corp ( CTRL) entered into oversold territory, hitting an RSI reading of 27.8, after changing hands as low as $15.25 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 50.4. A bullish investor could look at CTRL's 27.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CTRL shares:

START SLIDESHOW:
Find out what 9 other oversold stocks you need to know about »

Control4 Corp 1 Year Performance Chart

Looking at the chart above, CTRL's low point in its 52 week range is $15.25 per share, with $24.00 as the 52 week high point — that compares with a last trade of $15.93.

null

More from Stocks

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

The Great American Supermarket No Longer Reigns Supreme

The Great American Supermarket No Longer Reigns Supreme

Kroger CEO: Even in the Age of Amazon, Physical Stores Will Still Be Important

Kroger CEO: Even in the Age of Amazon, Physical Stores Will Still Be Important

Cable Stock Investors Should Keep an Eye On Wireless Broadband's Rise

Cable Stock Investors Should Keep an Eye On Wireless Broadband's Rise

Get to Know Stacey Cunningham, the NYSE's First Female Chief in 226 Years

Get to Know Stacey Cunningham, the NYSE's First Female Chief in 226 Years