Thursday, November 19, 2015 5:07:38 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 Thursday, shares of Wingstop Inc (WING) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $20.36 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 60.0. A bullish investor could look at WING's 29.7 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.
http://www.thestreet.com/story/13372789/1/wingstop-becomes-oversold-wing.html
Recent WING News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/09/2024 09:53:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 09:50:28 PM
- Introducing Sweet BBQ Blaze: Wingstop's Bold New Take on Classic BBQ • PR Newswire (US) • 08/26/2024 08:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 10:00:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/08/2024 09:38:45 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 08:05:36 PM
- Wingstop Inc. Reports Fiscal Second Quarter 2024 Financial Results • PR Newswire (US) • 07/31/2024 12:01:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 12:00:24 PM
- US Index Futures Up Ahead of Fed Decision; Oil Prices Surge Amid Middle East Tensions • IH Market News • 07/31/2024 10:01:30 AM
- Wingstop Brings Its Iconic Flavor to Paris and Fans Across the World • PR Newswire (US) • 07/23/2024 01:21:00 PM
- Wingstop Brings Its Iconic Flavor to Paris and Fans Across the World • PR Newswire (US) • 07/23/2024 12:57:00 PM
- You Want It, You Got It - Wingstop's Hot Honey Rub is Here to Stay • PR Newswire (US) • 07/09/2024 01:38:00 PM
- Wingstop Inc. To Announce Fiscal Second Quarter 2024 Financial Results On July 31, 2024 • PR Newswire (US) • 07/02/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:50:40 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/05/2024 09:36:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/31/2024 09:56:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 10:09:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 10:04:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 09:46:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 09:47:20 PM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 05/23/2024 03:09:37 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 05/23/2024 03:02:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/21/2024 09:44:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 10:06:09 PM
- Wingstop Inc. Reports Fiscal First Quarter 2024 Financial Results • PR Newswire (US) • 05/01/2024 12:01:00 PM
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