360° Coverage : Oversold Conditions For Swift Transportation (SWFT)

2 Updates

Oversold Conditions For Swift Transportation (SWFT)

Jan 9 2014, 12:05pm CST | by

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a...

Filed under: news

 
 
 

33 weeks ago

Oversold Conditions For Swift Transportation (SWFT)

Jan 9 2014, 12:05pm CST | by

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Thursday, shares of Swift Transportation Co (NYSE: SWFT) entered into oversold territory, hitting an RSI reading of 28.1, after changing hands as low as $20.13 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 58.4. A bullish investor could look at SWFT’s 28.1 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 SWFT shares:

Looking at the chart above, SWFT’s low point in its 52 week range is $9.28 per share, with $23.74 as the 52 week high point — that compares with a last trade of $20.25. Find out what 9 other oversold stocks you need to know about »

According to the ETF Finder at ETFChannel.com, SWFT makes up 2.48% of the SPDR S&P Transportation ETF (AMEX: XTN) which is trading higher by about 0.4% on the day Thursday.


Can your brain be trained to become a chart-predicting wizard? Click here to find out


Source: Forbes Business

/>/>
 
Update
2

3 days ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20,0 ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

4 days ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and MH17" hit ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Nepal, India to hold energy talks
Kathmandu, Sep 2 (IANS) Officials from Nepal and India will be meeting in New Delhi Wednesday and Thursday to hold talks on the much-touted Power Trade Agreement (PTA) between the energy-starved nations.
 
 
Kala-azar free India by 2015: Harsh Vardhan
Pat Sep 2 (IANS) Health Minister Harsh Vardhan Monday said that India aims to eliminate dreaded vector-borne disease kala-azar by 2015.
 
 
Cannabis could be as addictive as drugs
New York, Sep 2 (IANS) As more people are able to obtain and consume cannabis legally for medical and, in some states in the US, recreational use, people are less likely to perceive it as addictive or harmful. But a research study proves otherwise.
 
 
New sensor to detect tiny, individual nano-particles
Washington, Sep 2 (IANS) In a major breakthrough, a team of researchers has developed a new sensor that can detect and count nano-particles, at sizes as small as ten nano-metres, one at a time.
 
 
 

Latest from the Network

Jennifer Lopez 'really hurt' by Casper Smart split
Jennifer Lopez was left ''really hurt'' over her split from Casper Smart. The 45-year-old beauty and her toyboy boyfriend, 27, went their separate ways in June following two-and-a-half years of dating and while the 'On...
Read more on Celebrity Balla
 
Britney Spears spends $30k on dogs
Britney Spears splashed out more than $30,000 on her dogs last year. The 'Toxic' hitmaker forked out over $13,000 on a pair of pooches in 2013, a white Maltese in January and a Yorkie in July for $5,568 and $8,212...
Read more on Celebrity Balla
 
Brad Pitt's wedding tribute to Angelina's mother
Brad Pitt paid a special tribute to Angelina Jolie's late mother on their wedding day. The 50-year-old star tied the knot to the brunette beauty in France last month and he made sure he honored his bride's mum,...
Read more on Celebrity Balla
 
Yemeni president to replace government amid protests
Sanaa, Sep 2 (IANS) Yemeni President Abd-Rabbu Mansour Hadi Tuesday said he will replace the government and called for a national unity administration in a move to calm down the recent spate of protests, media here...
Read more on Politics Balla
 
Scoreboard of England's innings against India
Birmingham, Sep 2 (IANS) Scoreboard of England's innings against India in the fourth ODI of the five-match cricket series at Edgbaston here Tuesday. England Alastair Cook c Raina b Kumar 9 Alex Hales b Kumar 6 Gary...
Read more on Sport Balla
 
Saudi Arabia arrests 88 on terrorism charges
Riyadh, Sep 2 (IANS) Saudi Arabia's interior ministry has in the last few days arrested 88 people on terrorism charges in different parts of the country, media reported Tuesday. Of the total, three are Yemenis, one of...
Read more on Politics Balla
 
British deputy PM questions arrest of parents' saving kid
L0ondon, Sep 2 (IANS) British deputy prime minister has come in support of a campaign which seeks to to allow the parents of cancer patient Ashya King to be reunited with their five-year-old son, a media report said...
Read more on Politics Balla
 
US drone attacks Al Shabaab leader's home in Somalia
Nairobi, Sep 2 (IANS/EFE) A US drone targeted the home of the leader of the Al Qaeda-affiliated Al Shabaab terrorist organisation, Ahmed Abdi Godane, in Somalia, Somali officials told the media Tuesday. According to...
Read more on Politics Balla
 
Nepal, India to hold energy talks
Kathmandu, Sep 2 (IANS) Officials from Nepal and India will be meeting in New Delhi Wednesday and Thursday to hold talks on the much-touted Power Trade Agreement (PTA) between the energy-starved nations. According to...
Read more on Business Balla
 
Kala-azar free India by 2015: Harsh Vardhan
Pat Sep 2 (IANS) Health Minister Harsh Vardhan Monday said that India aims to eliminate dreaded vector-borne disease kala-azar by 2015. "We are confident to eliminate kala-azar by 2015 with a new road map," Harsh...
Read more on Business Balla