In the case of STBF, the RSI reading has hit 27.9 — by comparison, the RSI reading for the S&P 500 is currently 39.7. A bullish investor could look at STBF's 27.9 reading 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.
Looking at a chart of one year performance (below), STBF's low point in its 52 week range is $24.9615 per share, with $25.60 as the 52 week high point — that compares with a last trade of $25.29. STBF shares are currently trading off about 0.2% on the day.
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:
Manufacturing Dividend Stock List Top Ten Hedge Funds Holding CUB
Semiconductors Dividend Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
