360° Coverage : Evertec Enters Oversold Territory (EVTC)

2 Updates

Evertec Enters Oversold Territory (EVTC)

May 12 2014, 11:24am 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

 
 
 

19 weeks ago

Evertec Enters Oversold Territory (EVTC)

May 12 2014, 11:24am 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 Evertec, Inc. (NYSE: EVTC) entered into oversold territory, hitting an RSI reading of 27.4, after changing hands as low as $22.83 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 59.9. A bullish investor could look at EVTC’s 27.4 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 EVTC shares:

Looking at the chart above, EVTC’s low point in its 52 week range is $19.43 per share, with $26.33 as the 52 week high point — that compares with a last trade of $22.86. Find out what 9 other oversold stocks you need to know about »

According to the ETF Finder at ETFChannel.com, EVTC makes up 1.62% of the Latin America Small-Cap Index ETF (AMEX: LATM) which is trading relatively unchanged on the day Monday.


Special Offer: Find out what Dave Moenning is holding in the ETF Channel Flexible Growth Investment Portfolio with a special 20% off coupon from Forbes and 30 Days Free.
/>/>
 
Update
2

4 weeks 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 wo ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

4 weeks 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 tragedi ...
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

Will build India of your dreams, join in our effort: Modi to Indians abroad (Intro Roundup)
New York, Sep 29 (IANS) Indian Prime Minister Narendra Modi connected with thousands of rapturously cheering Indian diaspora at Madison Square Garden here Sunday, promising them he would deliver on the electoral promise of a resurgent India and urged them to join in the mass movement to work for their country of origin.
 
 
Modi invites diaspora to 'Make in India', help clean Ganga
New York, Sep 29 (IANS) Prime Minister Narendra Modi Saturday invited Indians abroad to join the "Make in India" initiative, saying the country aimed to show its strength by exploiting technology to the maximum extent.
 
 
India blessed with democracy, demographic dividend, demand: Modi at Madison Square
New York, Sep 28 (IANS) At an opportune cusp of circumstances, blessed with a vibrant democracy, with 65 percent of its people under the age of 35, and a market of 1.25 billion people, India will scale new heights in the near future, Prime Minister Narendra Modi said Sunday.
 
 
Rajdeep Sardesai of Headlines Today heckled in New York
New York, Sep 28 (IANS) Senior journalist Rajdeep Sardesai of Headlines Today news channel was heckled and roughed up, allegedly by a band of supporters of Indian Prime Minister Narendra Modi, outside the Madison Square Garden venue after he got a group of anti-Modi people to air their views just ahead of the prime minister's much-awaited speech to thousands of the Indian diaspora.
 
 
 

Latest from the Network

Rihanna approached for Bond movie?
Los Angeles, Sep 29 (IANS) Singer Rihanna has reportedly been approached for a cameo in the upcoming Bond film. The "We found love" hitmaker is said to be excited to appear in the spy thriller, reports contactmusic....
Read more on Celebrity Balla
 
US Congresswoman Tulsi Gabbard calls on Modi
New York, Sep 29 (IANS) Tulsi Gabbard, the first Hindu American in the US Congress, called on visiting Indian Prime Minister Narendra Modi here Sunday and presented him with a ginger flower garland from Hawaii....
Read more on Politics Balla
 
143 killed in clashes against IS in Iraq
Baghdad, Sep 29 (IANS) A total of 143 people were killed Sunday in the ongoing clashes between the Iraqi security forces and militants, including of the the Islamic State (IS), security sources said. In Anbar province...
Read more on Politics Balla
 
Quake in Peru kills eight
Lima, Sep 29 (IANS) At least eight people were killed and six injured following a 5.1-magnitude earthquake which jolted southern parts of Peru, authorities said Sunday. The temblor hit Paruro province in the Andean...
Read more on Politics Balla
 
Bieber swaps 'bad influence' for cookbooks
Los Angeles, Sep 29 (IANS) Singer Justin Bieber has reportedly taken the decision to give up alcohol and "bad influence" friends. According to sources, the wild-child "Baby" hitmaker, now 20, has grown up and swapped...
Read more on Celebrity Balla
 
Will build India of your dreams, join in our effort: Modi to Indians abroad (Intro Roundup)
New York, Sep 29 (IANS) Indian Prime Minister Narendra Modi connected with thousands of rapturously cheering Indian diaspora at Madison Square Garden here Sunday, promising them he would deliver on the electoral...
Read more on Politics Balla
 
David McIntosh hits back at Kelly Brook
David McIntosh insists there a ''two sides'' to his split from Kelly Brook. The former 'Gladiator' - who split from the brunette beauty, 34, earlier this week amid claims he had remained close to his ex-girlfriend...
Read more on Celebrity Balla
 
Modi invites diaspora to 'Make in India', help clean Ganga
New York, Sep 29 (IANS) Prime Minister Narendra Modi Saturday invited Indians abroad to join the "Make in India" initiative, saying the country aimed to show its strength by exploiting technology to the maximum extent...
Read more on Politics Balla
 
Indians have woven magic with the mouse: Modi at Madison Square
New York, Sep 28 (IANS) India was once known as a world of snake charmers, now the magic that its people have woven "with the mouse" in the IT sphere is world-renowned, said Prime Minister Narendra Modi here Sunday. "...
Read more on Politics Balla
 
Modi announces lifelong visas for Indian diaspora
New York, Sep 29 (IANS) Amid cheers from thousands of Indian-Americans, Prime Minister Narendra Modi Saturday announced several measures to ease travel to their motherland including life-long visas. "Happy?" he asked...
Read more on Politics Balla