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
Looking at the chart above, JEC's low point in its 52 week range is $45.04 per share, with $66.88 as the 52 week high point — that compares with a last trade of $45.38. Find out what 9 other oversold stocks you need to know about »
JEC makes up 2.01% of the First Trust ISE Global Engineering and Construction Index Fund ETF (AMEX: FLM)
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