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: Strong large deal TCV of $4.5 billion in Q4 and record $17.7 billion in FY24 create robust foundation for growth • PR Newswire (US) • 04/18/2024 01:37:00 PM
- Infosys:Strong large deal TCV of $4.5 billion in Q4 and record $17.7 billion in FY24 create robust foundation for growth • PR Newswire (US) • 04/18/2024 01:34:00 PM
- Infosys:Strong large deal TCV of $4.5 billion in Q4 and record $17.7 billion in FY24 create robust foundation for growth • PR Newswire (Canada) • 04/18/2024 01:34:00 PM
- Infosys to Acquire Leading Engineering R&D services provider, in-tech • PR Newswire (US) • 04/18/2024 12:30:00 PM
- Infosys to Acquire Leading Engineering R&D services provider, in-tech • PR Newswire (US) • 04/18/2024 12:26:00 PM
- Infosys to Acquire Leading Engineering R&D services provider, in-tech • PR Newswire (Canada) • 04/18/2024 12:26:00 PM
- U.S. Futures Rebound Amid Global Market Fluctuations, Oil Prices Decline • IH Market News • 04/18/2024 11:15:03 AM
- Proximus Revamps Customer Service Operations Platform in Collaboration with Infosys • PR Newswire (US) • 04/17/2024 10:19:00 AM
- Proximus Revamps Customer Service Operations Platform in Collaboration with Infosys • PR Newswire (US) • 04/17/2024 10:18:00 AM
- Infosys drives hybrid cloud-powered innovation for Team Global Express • PR Newswire (US) • 04/16/2024 04:59:00 AM
- Infosys Topaz and Intel Collaborate to Accelerate Enterprise Growth and Efficiency with Generative AI • PR Newswire (Canada) • 04/10/2024 10:14:00 AM
- Infosys Topaz and Intel Collaborate to Accelerate Enterprise Growth and Efficiency with Generative AI • PR Newswire (US) • 04/10/2024 10:14:00 AM
- U.S. Futures Dip Ahead of Key Inflation Data and Q1 Earnings Season Kickoff, Oil Prices Decline • IH Market News • 04/08/2024 11:19:03 AM
- Zand Bank Subscribes to Infosys Finacle's Corporate Banking Suite on Microsoft Cloud to Deliver New-Age Banking Experiences • PR Newswire (US) • 04/03/2024 07:15:00 AM
- Zand Bank Subscribes to Infosys Finacle's Corporate Banking Suite on Microsoft Cloud to Deliver New-Age Banking Experiences • PR Newswire (US) • 04/03/2024 07:12:00 AM
- Infosys and Handelsblatt Media Group Announce Strategic Collaboration • PR Newswire (US) • 03/27/2024 10:07:00 AM
- Infosys and ATP Renew Partnership until 2026, to Drive AI-first Innovations in Professional Tennis • PR Newswire (US) • 03/06/2024 10:17:00 AM
- Infosys and ATP Renew Partnership until 2026, to Drive AI-first Innovations in Professional Tennis • PR Newswire (Canada) • 03/06/2024 10:15:00 AM
- Infosys and ATP Renew Partnership until 2026, to Drive AI-first Innovations in Professional Tennis • PR Newswire (US) • 03/06/2024 10:15:00 AM
- Ethisphere recognizes Infosys among 2024 World's Most Ethical Companies® for the Fourth Consecutive Year • PR Newswire (US) • 03/04/2024 12:16:00 PM
- Ethisphere recognizes Infosys among 2024 World's Most Ethical Companies® for the Fourth Consecutive Year • PR Newswire (Canada) • 03/04/2024 12:14:00 PM
- Ethisphere recognizes Infosys among 2024 World's Most Ethical Companies® for the Fourth Consecutive Year • PR Newswire (US) • 03/04/2024 12:14:00 PM
- PROG Holdings and Infosys Forge Strategic Collaboration to Bring AI-Powered Experiences to Customers and Intelligent Automation to Operations • PR Newswire (Canada) • 03/01/2024 01:18:00 PM
- PROG Holdings and Infosys Forge Strategic Collaboration to Bring AI-Powered Experiences to Customers and Intelligent Automation to Operations • PR Newswire (US) • 03/01/2024 01:18:00 PM
- PROG Holdings and Infosys Forge Strategic Collaboration to Bring AI-Powered Experiences to Customers and Intelligent Automation to Operations • Business Wire • 03/01/2024 01:00:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM