In trading on Thursday, shares of Capital Clean Energy Carriers Corp (Symbol: CCEC) entered into oversold territory, hitting an RSI reading of 23.4, after changing hands as low as $16.7683 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 60.8. A bullish investor could look at CCEC's 23.4 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 CCEC shares:
Looking at the chart above, CCEC's low point in its 52 week range is $14.65 per share, with $24.8299 as the 52 week high point — that compares with a last trade of $17.32.
Never miss the next high-yield opportunity: Preferred Stock Alerts sends timely, actionable picks on income-producing preferred stocks and baby bonds, straight to your inbox.
Find out what 9 other oversold stocks you need to know about »
Also see:
Monthly Dividend Paying REITs APA 13F Filers
Technology Stocks Hedge Funds Are Selling
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
