10 Updates

UTi Worldwide Enters Oversold Territory (UTIW)

May 5 2014, 11:41am 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

 
 
 

11 weeks ago

UTi Worldwide Enters Oversold Territory (UTIW)

May 5 2014, 11:41am 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 UTi Worldwide Inc (NASD: UTIW ) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $9.42 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 56.6. A bullish investor could look at UTIW’s 29.7 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 UTIW shares:

Looking at the chart above, UTIW’s low point in its 52 week range is $9.34 per share, with $17.70 as the 52 week high point — that compares with a last trade of $9.54. Find out what 9 other oversold stocks you need to know about »

According to the ETF Finder at ETFChannel.com, UTIW makes up 2.07% of the SPDR S&P Transportation ETF (AMEX: XTN ) which is trading lower by about 0.2% on the day Monday.


Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial and a special 20% off coupon from Forbes.
/>/>
 
Update
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the De ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

Sydney FC v West Ham United - Football United New Zealand Tour 2014
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into b ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan Rakyat today ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Mi ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million i ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Se ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year invo ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Baza ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansa ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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

Overgrown Beijing 'forbids' development in core areas
Beijing, July 26 (IANS) In its bid to decongest the Chinese capital, authorities have banned construction of new universities and hospitals around the Forbidden City located in downtown Beijing.
 
 
China to boost infrastructure in Tibet
Beijing, July 26 (IANS) China has vowed to upgrade the transport infrastructure in Tibet and expand the existing network of rail, road and air routes within the next six years.
 
 
Global film industry gender-biased: Study
London, July 26 (IANS) A study has revealed that only 22 percent of the crew involved in making 2,000 of the biggest grossing films worldwide over the past 20 years were women.
 
 
Nigeria fourth country in West Africa to report Ebola death
Accra, July 26 (IANS) Nigeria has become the fourth country in the West African region to record a death from the deadly Ebola disease, the country's Health Minister Onyebuchi Chukwu has confirmed.
 
 
 

Latest from the Network

Kylie Jenner 'rude to fans'
Kylie Jenner was blasted as ''rude'' by fans at a meet and greet on Thursday (07.24.14). The reality TV star and her sister Kendall were promoting their latest PacSun clothing range in Dallas, Texas but fans were not...
Read more on Celebrity Balla
 
Rajwinder clinches judo bronze for India
Glasgow, July 27 (IANS) It was a mixed day for Indian judokas as Rajwinder Kaur clinched the bronze while Jina Devi Chongtham and Sahil Pathania missed the medal by a whisker in the Commonwealth Games being held at the...
Read more on Sport Balla
 
Indian track cyclists disappoint
Glasgow, July 27 (IANS) Indian track cyclists Amrit Singh, Amarjit Nagi and Alan Baby disappointed in the men's 1,000-metre time trial as they finished 13th, 14th and 16th in the Commonwealth Games here Saturday. The...
Read more on Sport Balla
 
Indian judoka Rajwinder wins bronze
Glasgow, July 27 (IANS) Indian judoka Rajwinder Kaur clinched the bronze medal in the women's -78kg category beating Kenyan Esther Akinyi Ratugi in the bronze medal play-off contest B in the 2014 Commonwealth Games at...
Read more on Sport Balla
 
Indian women paddlers lose, face Australia for team bronze
Glasgow, July 27 (IANS) The Indian women's table tennis team failed to qualify for the summit clash in the Commonwealth Games as they lost their semi-final match 1-3 to defending champions Singapore at the Scotstoun...
Read more on Sport Balla
 
India at Commonwealth Games Sunday
Glasgow, July 26 (IANS) The following is the list of Indians who will be seen in action at the 2014 Commonwealth Games here Sunday. Athletics (Hampden Park Stadium): Shot put: Om Prakash Karhana in Group B...
Read more on Sport Balla
 
Apple Purchases Book Analytics Company BookLamp
Apple is continuing to purchase new companies to innovate the features of its future products, as it acquires BookLamp, a startup that is specialized in analyzing books.According to Apple Insider, Apple spent $10million...
Read more on Apple Balla
 
Leaders call for Gaza ceasefire extension as toll exceeds 1,000 (Roundup)
Gaza/Jerusalem, July 26 (IANS) US Secretary of State John Kerry and top diplomats from Europe and the Middle East Saturday called for an extension to the temporary truce between Israel and the Hamas, as the toll in the...
Read more on Politics Balla
 
Overgrown Beijing 'forbids' development in core areas
Beijing, July 26 (IANS) In its bid to decongest the Chinese capital, authorities have banned construction of new universities and hospitals around the Forbidden City located in downtown Beijing. Manufacturing and...
Read more on Business Balla
 
Indian men thrash Scotland 6-2 in hockey
Glasgow, July 26 (IANS) The Indian men's hockey team thrashed hosts Scotland 6-2 for their second consecutive win in the group stage of the 2014 Commonwealth Games at the Glasgow National Hockey Centre here Saturday....
Read more on Sport Balla