Relative Strength Alert For ManTech International

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 Tuesday, shares of ManTech International Corp ( MANT) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $27.03 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 48.1. A bullish investor could look at MANT's 29.3 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 MANT shares:

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

ManTech International Corp 1 Year Performance Chart

Looking at the chart above, MANT's low point in its 52 week range is $26.36 per share, with $31.32 as the 52 week high point — that compares with a last trade of $26.95.

According to the ETF Finder at ETF Channel, MANT makes up 1.71% of the iShares Enhanced U.S. Small-Cap ETF ( IESM) which is trading higher by about 0.2% on the day Tuesday.

If you liked this article you might like

As the Russian Hacking Scandal Worsens, This Tech Stock Should Get a Lift

Here Are 4 Ways to Profit From the Growing Need for Cybersecurity

Defense Firms Sound the Call to Arms

ManTech Ready to Storm the M&A Market

Analysts' Actions -- eBay, Fitbit, Texas Roadhouse and More