Overbought and Oversold Markets – February 22

Posted on February 23, 2013 by macromon

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)

This entry was posted in Overbought Markets, RSIs and tagged , , , , . Bookmark the permalink.

1 Response to Overbought and Oversold Markets – February 22

  1. Pingback: Sunday links: strongly held opinions - Abnormal Returns | Abnormal Returns

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