Overbought and Oversold Markets – February 8

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price moves. The RSI moves between zero and 100 and is considered overbought with a reading above 70 and oversold when below 30.  Note the RSI can sustain an overbought (oversold) reading in a strong up (down) trend.

Click chart to enlarge.

WIR_Overbought(click here if chart is not observable)

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3 Responses to Overbought and Oversold Markets – February 8

  1. Pingback: Overbought and Oversold Markets | Fifth Estate

  2. Pingback: Monday links: the great ETF land rush - Abnormal Returns | Abnormal Returns

  3. Pingback: Tuesday Morning Reads: extreme bullishness « Writings on Wall St

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