Search for content, post, videos

Stocks Reached An Overbought Condition: Canadian Solar Inc. (CSIQ), China Finance Online Co. (ADR) (JRJC, Pep Boys-Manny Moe and Jack (PBY)

For seasonal as well as new trader, the RSI, Relative Strength Index is the key concept to learn. This technical indicator is perhaps the most important thing one can adopt to advance your trading career. In general, when RSI reaches 70 the stock is considered overbought. RSI value below 30 indicates the stock has entered an oversold condition.

RSI is a leading indicator as it is useful to predict with accuracy where price is going. No indicator will be always right however, RSI will give you revealing signs that will provide you a view about the strength of a trend and the possibility of trend changes. Traders who make steady profits take into account the aspect of time, price and momentum and understanding RSI is a key to that end.

Canadian Solar Inc. (NASDAQ:CSIQ) is at 72.04, representing overbought territory. The stock is up 36.91% in one month through last close, to $28.93, showing a 68.39% return during the past three months. The share price is up from fifty two week low with 104.31% and low from fifty two week high with -27.82%. It stands 26.54 % above the average-price of 50 days and 17.44% compared with the SMA 20.

China Finance Online Co. (ADR) (NASDAQ:JRJC)’s RSI reading has hit 78.62. The stock is up 67.51% in one month through last close, to $6.60, showing a 77.90% return during the past three months. The share price is up from fifty two week low with 127.58% and low from fifty two week high with -3.62%. It stands 50.61% above the average-price of 50 days and 37.62% compared with the SMA 20.

Pep Boys-Manny Moe and Jack (NYSE:PBY) has a RSI reading of 75.09, with a 1-year total return of 81.47% and a six-month return of 45.00%. The stock is up 15.23% in one month through last close, to $17.40, showing a 44.04% return during the past three months. The share price is up from fifty two week low with 117.50% and low from fifty two week high with 2.23%. It stands 16.55% above the average-price of 50 days and 9.03% compared with the SMA 20.