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|CADIZ Becomes Oversold (CDZI)
Monday, June 5, 12:05 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
CADIZ Shares Enter Oversold Territory
Thursday, July 6, 3:49 PM ET, by Market News Video Staff
In trading on Thursday, shares of CADIZ Inc (CDZI) entered into oversold territory, changing hands ...
Commit To Purchase CADIZ At $10, Earn 9.1% Annualized Using Options
Tuesday, July 11, 11:42 AM ET, by Market News Video Staff
Investors considering a purchase of CADIZ Inc (CDZI) stock, but cautious about paying the going ...
Notable Wednesday Option Activity: CDZI, IDCC, SKX
Wednesday, July 19, 3:24 PM ET, by Market News Video Staff
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
Notable Thursday Option Activity: ITT, CDZI, W
Thursday, August 17, 3:23 PM ET, by Market News Video Staff
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
CDZI Stock Crowded With Sellers
By Energy Stock Channel Staff, Tuesday, February 13, 11:40 AM ET
In trading on Tuesday, shares of CADIZ Inc (NASDAQ:CDZI) entered into oversold territory, changing hands as low as $13.60 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of CADIZ Inc, the RSI reading has hit 29.4 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 39.6, the RSI of WTI Crude Oil is at 35.5, the RSI of Henry Hub Natural Gas is presently 39.0, and the 3-2-1 Crack Spread RSI is 27.6.
A bullish investor could look at CDZI's 29.4 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), CDZI's low point in its 52 week range is $9.65 per share, with $16.25 as the 52 week high point — that compares with a last trade of $13.60. CADIZ Inc shares are currently trading down about 2.2% on the day.
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