Monday, April 27, 2015 6:12:53 PM
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 Infosys Ltd. (NYSE: INFY) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $32.25 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 62.7. A bullish investor could look at INFY’s 29.5 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 INFY shares:
Looking at the chart above, INFY’s low point in its 52 week range is $25.03 per share, with $37.28 as the 52 week high point — that compares with a last trade of $32.38. Find out what 9 other oversold stocks you need to know about »
According to the ETF Finder at ETFChannel.com, INFY makes up 6.60% of the First Trust ISE Chindia Index Fund ETF (AMEX: FNI) which is trading higher by about 0.1% on the day Friday.
Recent INFY News
- Infosys and Posti Extend Strategic Collaboration • PR Newswire (US) • 09/19/2024 10:17:00 AM
- Infosys and Posti Extend Strategic Collaboration • PR Newswire (US) • 09/19/2024 10:15:00 AM
- Metro Bank Forges Strategic Collaboration with Infosys to Accelerate Digital Transformation • PR Newswire (US) • 09/17/2024 10:18:00 AM
- Metro Bank Forges Strategic Collaboration with Infosys to Accelerate Digital Transformation • PR Newswire (US) • 09/17/2024 10:16:00 AM
- Infosys Collaborates with Clearstream, Part of Deutsche Börse, to Enhance Digital Issuance Platform to Simplify Securities Issuance and Servicing • PR Newswire (US) • 09/11/2024 10:20:00 AM
- Infosys Collaborates with Clearstream, Part of Deutsche Börse, to Enhance Digital Issuance Platform to Simplify Securities Issuance and Servicing • PR Newswire (US) • 09/11/2024 10:16:00 AM
- Infosys and Proximus Group Strengthen their Strategic Collaboration • PR Newswire (US) • 09/10/2024 05:57:00 AM
- Infosys and Proximus Group Strengthen their Strategic Collaboration • PR Newswire (US) • 09/10/2024 05:52:00 AM
- Infosys and The Financial Times Unveil the 'FT Money Machine' Through Immersive Extended Reality Experience • PR Newswire (US) • 09/06/2024 08:28:00 AM
- Infosys and The Financial Times Unveil the 'FT Money Machine' Through Immersive Extended Reality Experience • PR Newswire (US) • 09/06/2024 08:25:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/30/2024 11:40:58 AM
- Infosys to Introduce High-Performance Generative AI-Powered Telco Solutions Based on NVIDIA NIMs • PR Newswire (US) • 08/29/2024 10:08:00 AM
- Infosys to Introduce High-Performance Generative AI-Powered Telco Solutions Based on NVIDIA NIMs • PR Newswire (US) • 08/29/2024 10:05:00 AM
- Infosys to Introduce High-Performance Generative AI-Powered Telco Solutions Based on NVIDIA NIMs • PR Newswire (Canada) • 08/29/2024 10:05:00 AM
- Infosys Joins Stanford HAI Affiliate Program to Accelerate Enterprise AI Research Initiatives • PR Newswire (US) • 08/28/2024 10:21:00 AM
- Infosys Joins Stanford HAI Affiliate Program to Accelerate Enterprise AI Research Initiatives • PR Newswire (Canada) • 08/28/2024 10:18:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/19/2024 08:19:13 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/01/2024 04:26:43 PM
- Infosys and ServiceNow Expand AI Collaboration to Revolutionize Service Delivery • PR Newswire (US) • 08/01/2024 10:25:00 AM
- Infosys and ServiceNow Expand AI Collaboration to Revolutionize Service Delivery • PR Newswire (US) • 08/01/2024 10:19:00 AM
- 67% of Global Enterprises Have Sophisticated Cloud Strategies, Yet Less Than 10% Have Fully Integrated AI, says MIT Technology Review Insights Report with Infosys Cobalt • PR Newswire (Canada) • 07/31/2024 01:30:00 PM
- 67% of Global Enterprises Have Sophisticated Cloud Strategies, Yet Less Than 10% Have Fully Integrated AI, says MIT Technology Review Insights Report with Infosys Cobalt • PR Newswire (US) • 07/31/2024 01:30:00 PM
- Infosys Collaborates with TDC Net to Accelerate Digital Transformation • PR Newswire (US) • 07/30/2024 10:16:00 AM
- Infosys Collaborates with TDC Net to Accelerate Digital Transformation • PR Newswire (US) • 07/30/2024 10:14:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/24/2024 11:33:39 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM