In trading on Tuesday, shares of America Movil SAB de CV (Symbol: AMX) entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $20.385 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 62.7. A bullish investor could look at AMX's 29.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AMX shares:
Looking at the chart above, AMX's low point in its 52 week range is $13.10 per share, with $23.67 as the 52 week high point — that compares with a last trade of $20.34.
Find out what 9 other oversold stocks you need to know about »
Also see:
PAL Average Annual Return Institutional Holders of DCRD
Institutional Holders of MNR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
