RE:RE:RE:still hazyI can tell you are a beginner of TA from your mixing up of earning and sp in the application. Go to investopedia.com where it teaches you, besides the definition I quote, how to be apply it.
No need to argue at this point on. Interested posters can find the answer through the same channel as I presented above.
WINDGOD46 wrote: And there is a scale to measure the RSI, over 70 the stock is considered overbought and below that as oversold. And when the stock hit 80 and was over bought at the end of Nov., the stock sold off; its sp price was at the time 8.48. If you think the sp of the stock plays no role in the momentum indicator and only speed matters, think again.