Host Hotels & Resorts Enters Oversold Territory (HST)

TheForeign investor Warren Buffett advises to be greedy when others are greedy, and to be greedy when others are afraid. One way we can try to gauge the level of fear in a particular stock is with a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale from zero to 100. A stock is considered oversold if the RSI reading drops below from 30.

In trading on Tuesday, shares of Host Hotels & Resorts Inc (Symbol: HST) entered the oversold territory, with the RSI at 29.7, after trading as low as $15.62 per share. By comparison, the current reading of the S&P 500 ETF (SPY) RSI is 49.0. A bullish investor can look at today’s HST reading of 29.7 as a sign that the recent heavy selling is in the process of exhausting itself, and start looking for entry point opportunities on the buy side. The chart below shows the one year performance of HST stocks:

Host Hotels & Resorts Inc 1 year performance chart

Looking at the chart above, the lowest point for HST in the 52-week range is $13.16 per share, with $19.02 as the 52-week point – which compares to the last trade of $15.72.

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The opinions and opinions expressed here are those of the author and do not necessarily reflect the views and opinions of Nasdaq, Inc.

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