Overbought and Oversold Markets – May 3

Posted on May 5, 2013 by macromon

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price moves. The RSI moves between zero and 100 and is considered overbought with a reading above 70 and oversold when below 30.  Note the RSI can sustain an overbought (oversold) reading in a strong up (down) trend.

Click chart to enlarge.

WIR_Overbought

(click here if chart is not observable)

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4 Responses to Overbought and Oversold Markets – May 3

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