Helen of Troy oversold (HELE)

Legendary investor Warren Buffett advises to be fearful when others are greedy and greedy when others are fearful. One way to measure the level of fear of a particular stock is to use a technical analysis indicator called the Relative Strength Index (RSI), which measures momentum on a scale of 0 to 100. The RSI reading has fallen below 30.

In Tuesday’s trading, shares of Helen of Troy Ltd. (symbol: HELE) entered oversold territory with the RSI reaching 29.6. By comparison, the S&P 500 ETF (SPY) currently has an RSI value of 41.5. Bullish investors can take HELE’s 29.6 RSI reading today as a sign that the recent heavy sell-off is running out and start looking for entry point opportunities on the buy side. The chart below shows his one-year performance of the HELE stock.

Looking at the chart above, HELE has a 52-week range low of $114.62 per share and a 52-week high of $256.26 per share.

Find out 9 other oversold stocks you need to know »

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/helen-of-troy-becomes-oversold-hele-1 Helen of Troy oversold (HELE)

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