Aixtron Enters Oversold Territory (AIXG)

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 Friday, shares of Aixtron SE ( AIXG) entered into oversold territory, hitting an RSI reading of 27.4, after changing hands as low as $13.44 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 58.1. A bullish investor could look at AIXG's 27.4 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 AIXG shares:

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

Aixtron SE 1 Year Performance Chart

Looking at the chart above, AIXG's low point in its 52 week range is $11.21 per share, with $18.06 as the 52 week high point — that compares with a last trade of $13.51.

According to the ETF Finder at ETF Channel, AIXG makes up 2.19% of the Lux Nanotech Portfolio ETF ( PXN) which is trading relatively unchanged on the day Friday.

null

More from Stocks

Stocks Rise, Nasdaq Jumps as Facebook Rallies

Stocks Rise, Nasdaq Jumps as Facebook Rallies

6 Key Numbers to Look for When Amazon Reports First-Quarter Earnings

6 Key Numbers to Look for When Amazon Reports First-Quarter Earnings

Earnings, Earnings and More Earnings - Your Midweek Update From Facebook to Ford

Earnings, Earnings and More Earnings - Your Midweek Update From Facebook to Ford

Facebook Just Announced a Major Share Buyback Program

Facebook Just Announced a Major Share Buyback Program

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk