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.
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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