Barnes & Noble, Inc. (BKS)

[Daybull]

Barnes & Noble is Now Oversold (BKS)

In trading on Thursday, shares of Barnes & Noble Inc (NYSE: BKS) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $13.46 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 67.5. A bullish investor could look at BKS’s 29.6 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. Great Entry Point Now!

BUY, BUY, BUY

DayBull