Oversold Conditions For Attunity (ATTU)

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 Attunity Ltd ( ATTU) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $7.70 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 74.4. A bullish investor could look at ATTU's 29.6 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 ATTU shares:

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

Attunity Ltd 1 Year Performance Chart

Looking at the chart above, ATTU's low point in its 52 week range is $5.18 per share, with $12.00 as the 52 week high point — that compares with a last trade of $7.81.

More from Stocks

Dow Trades Above 25,000 as U.S.-China Trade Tensions Thaw

Dow Trades Above 25,000 as U.S.-China Trade Tensions Thaw

GE's $11.1 Billion Deal With Wabtec Should Have Warren Buffett Feeling Very Sad

GE's $11.1 Billion Deal With Wabtec Should Have Warren Buffett Feeling Very Sad

How to Trade Apple Ahead of Alphabet's Launch of YouTube Music

How to Trade Apple Ahead of Alphabet's Launch of YouTube Music

18 Top Stocks Hedge Funds Own That Goldman Sachs Thinks Will Keep Outperforming

18 Top Stocks Hedge Funds Own That Goldman Sachs Thinks Will Keep Outperforming

Video: Why the Stock Market Is Discounting China Trade Fears for Now

Video: Why the Stock Market Is Discounting China Trade Fears for Now