Oversold Conditions For Honda Motor (HMC)

Feb 26 2014, 3:34pm 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 Wednesday, shares of Honda Motor Co., Ltd. (NYSE: HMC) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $35.95 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 58.3. A bullish investor could look at HMC’s 29.3 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 HMC shares:

Looking at the chart above, HMC’s low point in its 52 week range is $35.15 per share, with $42.96 as the 52 week high point — that compares with a last trade of $36.06. Find out what 9 other oversold stocks you need to know about »

According to the ETF Finder at ETFChannel.com, HMC makes up 5.02% of the BLDRS Asia 50 ADR Index Fund ETF (NASD: ADRA) which is trading relatively unchanged on the day Wednesday.


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

Source: Forbes Auto

 
 

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

Ford Rides New Mustang Hard, From 'Blacklist' To Nail Polish
Ford has a pretty clear field for promoting the new 50th-anniversary version of Mustang these days, right up until the car goes on sale in the fall. And the company is taking maximum advantage of the opportunity with a...
 
 
Four Unanswered Questions From The GM Recall Crisis
General Motors managed to weather its first quarter recall crisis by posting a slim profit Thursday. The company earned $125 million despite $1.3 billion in expenses to pay for recalling nearly 2.6 million vehicles...
 
 
30 Ways To Invest In Emerging Markets Without Investing In Emerging Markets
At first blush it sounds a little gimmicky.  Thirty ways to buy into emerging markets without actually having to invest in emerging market companies: every investor knows the best way to be exposed to China is to invest...
 
 
E-Z Rent-A-Car Celebrates 20 Years with Brand New Website and Giveaways
E-Z Rent-A-Car Celebrates 20 Years with Brand New Website and Giveaways
Orlando, FL, April 24, 2014 --(PR.com)-- E-Z Rent-A-Car has been providing travelers with the best value in current model year rental cars and customer service since 1994. This year, E-Z Rent-A-Car is celebrating its...
 
 
 

Latest from the Network

Apple's Sales Figures Prove A Sad Fact: There's Still No PC As Desirable As A Mac
Mac sales make up just a tenth of Apple's revenue, but they’ve received a significant amount of attention following the company’s quarterly report yesterday, both from analysts and from the CEO Tim Cook himself. Cook’s...
Read more on Apple Balla
 
Apple's Analysts Almost Universally Positive On The March Quarter Results
Apple’s shares are up over $40 today driven by its very solid March quarter results and better than expected guidance for the June quarter. I have summarized over a dozen sell-side notes below and many analysts have...
Read more on Apple Balla
 
Odyne Systems, LLC Partners with Allison Transmission’s Midwest Distributor, Inland Power, to Deliver on $45.4 Million Contract
Waukesha, WI, April 24, 2014 --(PR.com)-- Odyne Systems of Waukesha and Inland Power Group of Butler, Wisconsin have teamed up to deliver on a $45.4 million contract from the Department of Energy, administered through...
Read more on Politics Balla
 
Odyne Systems, LLC Partners with Allison Transmission’s Midwest Distributor, Inland Power, to Deliver on $45.4 Million Contract
Waukesha, WI, April 24, 2014 --(PR.com)-- Odyne Systems of Waukesha and Inland Power Group of Butler, Wisconsin have teamed up to deliver on a $45.4 million contract from the Department of Energy, administered through...
Read more on Business Balla
 
Cleared Of Fraud Against SMEs, RBS Eases Rules For Distressed Businesses
Last week, The Royal Bank of Scotland Group was cleared by law firm Clifford Chance over allegations that the U.K.-based banking group deliberately put failing small and medium enterprise customers out of business to...
Read more on Business Balla
 
Cost Savings Are Allowing Colgate To Invest Back In Building Brands And Products
In the past several quarters, balancing the business mix between developed and emerging markets has helped Colgate-Palmolive to achieve above market growth and experience only a moderate impact on net sales from...
Read more on Business Balla
 
Shift In Agricultural Sales Timing, Lower Chemical Prices Weigh On DuPont's Earnings Growth
DuPont reported modest earnings growth for the first quarter due to lower agricultural sales volume and continuing pricing pressures in the chemicals segment. The company’s adjusted diluted earnings per share of $1.58...
Read more on Business Balla
 
Google's Glass Explorer Program Was A Social Experiment That Backfired
Google Glass was launched without any clear explanation of what it was supposed to be used for. When promotional videos started to show people going about their daily routine, it quickly became clear that what we were...
Read more on Business Balla
 
America's 100 Best Corporate Citizens in 2014
America’s 10 Best Corporate Citizens In 2014 In December Bristol-Myers Squibb joined the Medicines Patent Pool, an international organization in Geneva, Switzerland, that makes drugs available at low cost to people...
Read more on Business Balla
 
Talent Knows No Limits
Last month I had the pleasure of attending Cirque Du Soleil’s Michael Jackson tribute The Immortal World Tour. To say the performance was out of this world would be an understatement. If you’ve ever seen a Cirque show...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla