360° Coverage : Family Dollar Stores Becomes Oversold (FDO)

2 Updates

Family Dollar Stores Becomes Oversold (FDO)

Apr 21 2014, 3:36pm CDT | 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

 
 
 

18 weeks ago

Family Dollar Stores Becomes Oversold (FDO)

Apr 21 2014, 3:36pm CDT | 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 Family Dollar Stores, Inc. (NYSE: FDO) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $56.34 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 53.4. A bullish investor could look at FDO’s 29.9 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 FDO shares:

Looking at the chart above, FDO’s low point in its 52 week range is $55.69 per share, with $75.29 as the 52 week high point — that compares with a last trade of $56.40. Find out what 9 other oversold stocks you need to know about »

According to the ETF Finder at ETFChannel.com, FDO makes up 1.54% of the Proshares S&P 500 Aristocrats ETF (AMEX: NOBL) which is trading relatively unchanged on the day Monday.


Can your brain be trained to become a chart-predicting wizard? Click here to find out
/>/>
 
Update
2

1 day 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 workf ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

2 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 tra ...
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

Modi, Abe strike chord; Kyoto to help make Varanasi smart city (Intro Roundup)
Kyoto, Aug 30 (IANS) Warmth, mutual admiration and convergent views marked the meeting between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe Saturday as India hoped the two sides would strive to achieve in five years the unrealised potential of the past five decades.
 
 
Modi, Abe strike chord, India hopes ties reach full potential (Roundup)
Kyoto, Aug 30 (IANS) Warmth, mutual admiration and convergence of views marked the meeting between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe Saturday as India hoped the two sides would strive to achieve in five years the unrealised potential of five decades.
 
 
Modi in Japan: Kyoto-Varanasi partnership pact inked
Kyoto, Aug 30 (IANS) Indian Prime Minister Narendra Modi began a five-day visit to Japan Saturday, a day that saw the inking of a partnership agreement between Varanasi, one of the oldest continuously inhabited cities in the world, and Kyoto, which was the capital of Japan for over 1,000 years.
 
 
Essar sells Kenya telecom business for $120 million
Nairobi, Aug 30 (IANS) Essar Capital Saturday announced the signing of binding agreements with Safaricom and Airtel for the sale of its telecom business in Kenya for $120 million.
 
 
 

Latest from the Network

Motherhood made Kim go less on make-up
Los Angeles, Aug 31 (IANS) Reality TV star Kim Kardashian believes in having picture perfect tresses and in looking good, but she says motherhood has sobered down her beautification routine. With her 14-month-old...
Read more on Celebrity Balla
 
At 17, Chloe Grace Moretz fights for roles
Los Angeles, Aug 31 (IANS) "If I Stay" actress Chloe Grace Moretz says she still struggles to land movie roles as she battles against 'ageism' in the film industry. The 17-year-old actress has starred in a string of...
Read more on Celebrity Balla
 
PTI, MQM to observe mourning day
Islamabad, Aug 31 (IANS) Pakistan Tehreek-e-Insaf (PTI) and Muttahida Qaumi Movement (MQM) have announced to observe a day of mourning Sunday following the clashes between protesters and law enforcers in Islamabad,...
Read more on Politics Balla
 
Adam Levine paid fan's rent for a month
London, Aug 31 (IANS) Maroon 5 singer Adam Levine has revealed he once paid a fan's house rent for a month. Levine has spoken out about his generosity after paying for a fan after the latter's bill was thrown at him...
Read more on Celebrity Balla
 
Eight killed, 100 injured in Pakistan protest clashes
Islamabad, Aug 31 (IANS) At least eight people have been killed and over 100 injured in the clashes between police and protesters in Pakistan as the protesters marched towards the prime minister's house. The Pakistan...
Read more on Politics Balla
 
Polish PM elected European Council president
Brussels, Aug 31 (IANS) The European Union (EU) leaders Saturday elected Polish Prime Minister Donald Tusk as president and Italian Foreign Minister Federica Mogherini as the foreign policy chief of the European...
Read more on Politics Balla
 
EU ready to impose new sanctions on Russia
Brussels, Aug 31 (IANS) The European Union's leaders decided Sunday to give Russia one week to de-escalate Ukraine crisis, otherwise they would impose tougher sanctions on Russia, European Council President Herman Van...
Read more on Politics Balla
 
Robert Pattinson dating FKA Twigs?
London, Aug 31 (IANS) "The Twilight Saga" actor Robert Pattinson is reportedly dating singer FKA Twigs, whose real name is Tahliah Barnett. The couple has reportedly been going on dates together for a "month or so". "...
Read more on Celebrity Balla
 
Crisis with Russia close to 'full-scale war'
Brussels, Aug 31 (IANS/EFE) Ukrainian President Petro Poroshenko said Saturday that his country is "close to the point of no return" and "point of no return is full-scale war". "I think that we are very close to the...
Read more on Politics Balla
 
Jennifer Lawrence to join Chris Martin on tour?
Jennifer Lawrence will reportedly join Chris Martin on his Coldplay tour later this year. The couple only started dating in June, but it appears their new romance is getting fairly serious as the 24-year-old actress is...
Read more on Celebrity Balla