360° Coverage : Oversold Conditions For CACI International

2 Updates

Oversold Conditions For CACI International

Feb 3 2014, 3:58pm 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

 
 
 

29 weeks ago

Oversold Conditions For CACI International

Feb 3 2014, 3:58pm 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 Monday, shares of CACI International Inc. (NYSE: CACI) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $71.71 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 33.6. A bullish investor could look at CACI’s 29.8 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 CACI shares:

Looking at the chart above, CACI’s low point in its 52 week range is $49.98 per share, with $80.00 as the 52 week high point — that compares with a last trade of $72.23. Find out what 9 other oversold stocks you need to know about »

According to the ETF Finder at ETFChannel.com, CACI makes up 1.42% of the Dynamic Technology Sector Portfolio ETF (AMEX: PTF) which is trading lower by about 3.2% on the day Monday.


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

Source: Forbes Business

/>/>
 
Update
2

2 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 ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

3 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 trage ...
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

Pakistan protesters break into PTV office
Islamabad, Sep 1 (IANS) Protesters Monday took over the Pakistan Television (PTV) network office here, as a result of which transmission has disrupted in Islamabad.
 
 
Green offices make workers happy - and productive
London, Sep 1 (IANS) Want to be happy and productive at work? Keep a plant next to your computer.
 
 
Special team in PMO will fast-track Japanese investment: Modi (Roundup)
Tokyo, Sep 1 (IANS) Assuring the same quick reaction and proactive response a Japanese investor accorded when he was chief minister of Gujarat, Prime Minister Narendra Modi Monday announced a special team in his office to fast-track investments from Japan.
 
 
NASA's Mars rover set for memory reformat
New York, Sep 1 (IANS) NASA's Mars exploration rover Opportunity is set for a flash memory reformatting after experiencing an increasing number of computer resets.
 
 
 

Latest from the Network

Pakistan protesters break into PTV office
Islamabad, Sep 1 (IANS) Protesters Monday took over the Pakistan Television (PTV) network office here, as a result of which transmission has disrupted in Islamabad. The protesters, who seemed to have faced no security...
Read more on Ad Balla
 
Jennifer Lawrence's nude photos leaked online
Los Angeles, Sep 1 (IANS) Actress Jennifer Lawrence's nude photographs are being circulated on the internet space after her phone was reportedly hacked. "This is a flagrant violation of privacy," a spokesperson for...
Read more on Celebrity Balla
 
Chanderpaul, Jeffers amongst runs in warm-up against Bangladesh
Basseterre (St. Kitts), Sep 1 (IANS/CMC) Shivnarine Chanderpaul warmed up for next week's first Test with a fluent, unbeaten half-century but Shane Jeffers took centrestage with a stunning century, on the second day of...
Read more on Sport Balla
 
Peng Shuai reaches US Open quarters for first time
New York, Sep 1 (IANS) World No.39 Peng Shuai of China defeated Lucie Safarova of the Czech Republic 6-3, 6-4 to reach the US Open quarter-finals, marking her first women's singles final eight appearance in a Grand...
Read more on Sport Balla
 
Green offices make workers happy - and productive
London, Sep 1 (IANS) Want to be happy and productive at work? Keep a plant next to your computer. "Green" offices with plants make staff happier and more productive than "lean" designs stripped of greenery, new...
Read more on Celebrity Balla
 
Special team in PMO will fast-track Japanese investment: Modi (Roundup)
Tokyo, Sep 1 (IANS) Assuring the same quick reaction and proactive response a Japanese investor accorded when he was chief minister of Gujarat, Prime Minister Narendra Modi Monday announced a special team in his office...
Read more on Politics Balla
 
Thompson, Stewart sweep 100 metres at Berlin meet
Berlin, Sep 1 (IANS/CMC) Trinidadian Richard Thompson won the men's 100 metres at the ISTAF athletics meet here as the Caribbean swept both sprints. Thompson, a double silver medallist at the Beijing Olympics six...
Read more on Sport Balla
 
Roger Moore loves being known as James Bond
Sir Roger Moore says there is ''no downside'' to being known as James Bond. The 86-year-old actor played the fictional British spy seven times between 1973 and 1985 in movies like 'The Man With the Golden Gun' and 'For...
Read more on Movie Balla
 
Charlie Hunnam for Escape From New York remake?
Charlie Hunnam could be set to star in an 'Escape From New York' remake. The 'Sons of Anarchy' actor - who dropped out of the upcoming 'Fifty Shades of Grey' film due to scheduling issues - is rumoured to be in talks...
Read more on Movie Balla
 
Kelly Brook suffered second miscarriage
Kelly Brook suffered a second miscarriage while dating Thom Evans. The 34-year-old actress and the former rugby star lost their first child on May 6 2011 when Kelly gave birth at just six months pregnant and she's now...
Read more on Celebrity Balla