Integrated Electrical Services Enters Oversold Territory (IESC)

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 Integrated Electrical Services, Inc. ( IESC) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $7.77 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 61.5. A bullish investor could look at IESC's 29.9 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 IESC shares:

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

Integrated Electrical Services, Inc. 1 Year Performance Chart

Looking at the chart above, IESC's low point in its 52 week range is $5.76 per share, with $8.90 as the 52 week high point — that compares with a last trade of $7.85.

More from Stocks

Musk's The Boring Company Just Got a Bit Less Boring

Musk's The Boring Company Just Got a Bit Less Boring

Tyson Foods CEO: We Aren't Done Making Deals

Tyson Foods CEO: We Aren't Done Making Deals

Dow Drops Over 100 Points on Trade War Worries

Dow Drops Over 100 Points on Trade War Worries

Warren Buffett at Age 87 Still Does One Amazing Thing That Drives Success

Warren Buffett at Age 87 Still Does One Amazing Thing That Drives Success

Amazon, Nvidia, Micron and 10 Other Stocks to Own in June

Amazon, Nvidia, Micron and 10 Other Stocks to Own in June