StochRSI turns oversold for SMH

Also known as RSI on steroids, StochRSI is the Stochastic Oscillator applied to RSI values. It becomes overbought and oversold a lot more than both indicators. SMH declined to support in the 25.5-26 area as StochRSI moved below .20 to become oversold. The cup is half full for StochRSI below .50, but a surge above .60 would turn short-term momentum bullish.

100630smh


Click this image for details

 Previous Article Next Article