Rollins becomes oversold (ROL) | NASDAQ
Legendary investor Warren Buffett advises us to be fearful when others are greedy and greedy when others are fearful. One of the ways he measures the fear level of a particular stock is by using a technical analysis indicator called the Relative Strength Index (RSI). RSI measures momentum on a scale of 0 to 100. RSI value is below 30.
In Thursday's trading, Rollins Inc. (Symbol: ROL) stock entered oversold territory, hitting an RSI value of 29.7 after trading as low as $41.72 per share. By comparison, the S&P 500 ETF (SPY) currently has an RSI reading of 39.2. Bullish investors could view ROL's 29.7 RSI value today as a sign that the recent heavy sell-off is reaching its limit and start looking for entry point opportunities on the buy side. The graph below shows his one-year performance of ROL stock.
Looking at the chart above, ROL's 52-week range low is $32.19 per share, 52-week high is $47.45, and the last trade was $42.43.
Find out about 9 other oversold stocks you should know about »
See also:
• REITs being bought by hedge funds
• Robert Half Technical Analysis
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Summarize this content to 100 words
Legendary investor Warren Buffett advises us to be fearful when others are greedy and greedy when others are fearful. One of the ways he measures the fear level of a particular stock is by using a technical analysis indicator called the Relative Strength Index (RSI). RSI measures momentum on a scale of 0 to 100. RSI value is below 30.
In Thursday's trading, Rollins Inc. (Symbol: ROL) stock entered oversold territory, hitting an RSI value of 29.7 after trading as low as $41.72 per share. By comparison, the S&P 500 ETF (SPY) currently has an RSI reading of 39.2. Bullish investors could view ROL's 29.7 RSI value today as a sign that the recent heavy sell-off is reaching its limit and start looking for entry point opportunities on the buy side. The graph below shows his one-year performance of ROL stock.
Looking at the chart above, ROL's 52-week range low is $32.19 per share, 52-week high is $47.45, and the last trade was $42.43.
Find out about 9 other oversold stocks you should know about »
See also:
• REITs being bought by hedge funds
• CTAS dividend history
• Robert Half Technical AnalysisThe views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/rollins-becomes-oversold-rol Rollins becomes oversold (ROL) | NASDAQ
