In trading on Tuesday, shares of MicroStrategy Inc. (Symbol: MSTR) entered into oversold territory, hitting an RSI reading of 26.7, after changing hands as low as $247.6732 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 41.6. A bullish investor could look at MSTR's 26.7 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 MSTR shares:
Looking at the chart above, MSTR's low point in its 52 week range is $68.794 per share, with $543 as the 52 week high point — that compares with a last trade of $249.94.
Free Report: Top 8%+ Dividends (paid monthly)
Find out what 9 other oversold stocks you need to know about »
Also see:
Institutional Holders of BITF Institutional Holders of GGS
Top 10 Hedge Funds Holding CCL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
