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daytona45

07/15/11 7:30 AM

#2538 RE: elichen #2537

if the RSI drops under the 30 level it means that the stock is oversold.
googling RSI (relative strength index) will get you more information.
that should be good cuz it should indicate that the reversal is imminent.
the last 2 times the RSI neared the level, the stock bounced from 0.75 to about 1.45.
past behavior of a stock is never a guarantee for the future but still...

if you go to stockcharts.com and you type HPGS under 'symbol'
and click 'update' you will see the chart appear with the RSI line above.
as you will see it's at 30.39 now.

chart is always about 15min delayed.

daytona45

07/15/11 7:30 AM

#2539 RE: elichen #2537

if the RSI drops under the 30 level it means that the stock is oversold.
googling RSI (relative strength index) will get you more information.
that should be good cuz it should indicate that the reversal is imminent.
the last 2 times the RSI neared the level, the stock bounced from 0.75 to about 1.45.
past behavior of a stock is never a guarantee for the future but still...

if you go to stockcharts.com and you type HPGS under 'symbol'
and click 'update' you will see the chart appear with the RSI line above.
as you will see it's at 30.39 now.

chart is always about 15min delayed.