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Friday, December 18, 2015 11:11:04 AM
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 Thursday, shares of Scholastic Corp. (Symbol: SCHL) entered into oversold territory, hitting an RSI reading of 25.2, after changing hands as low as $36.70 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 45.9. A bullish investor could look at SCHL's 25.2 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 SCHL shares: Scholastic Corp. 1 Year Performance Chart
Looking at the chart above, SCHL's low point in its 52 week range is $33.21 per share, with $46.28 as the 52 week high point - that compares with a last trade of $36.76.
Read more: http://www.nasdaq.com/article/scholastic-enters-oversold-territory-schl-cm556160#ixzz3ugnpLqVn
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Recent SCHL News
- Scholastic Education Solutions Announces New Collection, Our Stories Decodables, for Early Reading Instruction • PR Newswire (US) • 05/08/2024 01:00:00 PM
- Mob Entertainment and Scholastic Forge Multi-Year Partnership Extending Poppy Playtime into Multiple Book Genres for Audiences World • PR Newswire (US) • 05/07/2024 01:00:00 PM
- THE SCARLET SHEDDER" IS #1 BESTSELLING BOOK AROUND THE WORLD • PR Newswire (US) • 04/01/2024 01:33:00 PM
- Scholastic Reports Fiscal 2024 Third Quarter Results • PR Newswire (US) • 03/21/2024 08:01:00 PM
- Scholastic Appoints Alix Guerrier and Kaya Henderson to its Board of Directors • PR Newswire (US) • 03/21/2024 12:00:00 PM
- Scholastic Corporation Announces Fourth Quarter Dividend • PR Newswire (US) • 03/20/2024 08:01:00 PM
- 'Dog Man' Little Free Libraries Coming to All 50 States through Scholastic and Little Free Library's 'Power Up with Reading' Initiative • PR Newswire (US) • 03/12/2024 01:14:00 PM
- Scholastic to Invest in 9 Story Media Group, Significantly Expanding Opportunities for Production and Global Licensing of Scholastic IP • PR Newswire (US) • 03/12/2024 11:30:00 AM
- Scholastic to Invest in 9 Story Media Group, Significantly Expanding Opportunities for Production and Global Licensing of Scholastic IP • PR Newswire (Canada) • 03/12/2024 11:30:00 AM
- Scholastic Corporation Announces Date for Third Quarter Fiscal 2024 Earnings Release and Conference Call • PR Newswire (US) • 03/06/2024 09:01:00 PM
- "CHRISTMAS AT HOGWARTS" ILLUSTRATED BOOK WITH FESTIVE ARTWORK FOR CHILDREN AND FAMILIES TO BE PUBLISHED BY SCHOLASTIC IN THE U.S. AND IN 31 COUNTRIES WORLDWIDE ON OCTOBER 15, 2024 • PR Newswire (US) • 02/28/2024 02:13:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 09:30:21 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 09:30:21 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 09:30:17 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 09:30:05 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 09:30:04 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/08/2024 09:52:02 PM
- Join a Community of Readers Worldwide this Season and Make Interactive Read-Alouds with Authors a Weekly Routine with Scholastic's Storyvoice • PR Newswire (US) • 02/05/2024 02:01:00 PM
- Scholastic and the Council of the Great City Schools Names Detroit Public Schools Community District as the Richard M. Robinson Literacy Champion • PR Newswire (US) • 02/01/2024 02:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 09:17:05 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/22/2024 08:52:11 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 01/17/2024 09:33:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 09:06:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 09:04:48 PM
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