RSI Alert: Clorox (CLX) is oversold
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 Monday's trading, shares of Clorox Inc. (Symbol: CLX) entered oversold territory after hitting a low of $139.68 per share with an RSI value of 29.0. By comparison, the S&P 500 ETF (SPY) currently has an RSI reading of 39.6. Bullish investors could view CLX's 29.0 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 CLX stock.
Looking at the chart above, CLX's 52-week range low is $114.685 per share, 52-week high is $178.205, and the last trade was $140.53.
Free report: Top 8%+ dividends (paid monthly)
Find out about 9 other oversold stocks you should know about »
See also:
• WMB DMA
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 Monday's trading, shares of Clorox Inc. (Symbol: CLX) entered oversold territory after hitting a low of $139.68 per share with an RSI value of 29.0. By comparison, the S&P 500 ETF (SPY) currently has an RSI reading of 39.6. Bullish investors could view CLX's 29.0 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 CLX stock.
Looking at the chart above, CLX's 52-week range low is $114.685 per share, 52-week high is $178.205, and the last trade was $140.53.
Free report: Top 8%+ dividends (paid monthly)
Find out about 9 other oversold stocks you should know about »
See also:
• Stocks that go ex-dividend
• WMB DMA
• Institutional holder of IPDThe 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/rsi-alert:-clorox-clx-now-oversold-1 RSI Alert: Clorox (CLX) is oversold
