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Caesars Entertainment (CZR) Oversold Terms

Legendary investor Warren Buffett advises to be fearful when others are greedy and greedy when others are fearful. One way to measure the level of fear of a particular stock is to use a technical analysis indicator called the Relative Strength Index (RSI), which measures momentum on a scale of 0 to 100. The RSI reading has fallen below 30.

In Wednesday’s trading, shares of Caesars Entertainment Inc (symbol: CZR) entered oversold territory, dropping to $40.69 per share before reaching an RSI reading of 29.2. By comparison, the S&P 500 ETF (SPY) currently has an RSI value of 39.5. A bullish investor can take his CZR’s 29.2 RSI reading today as a sign that the recent massive sell-off is running out and start looking for entry point opportunities on the buy side. The chart below shows his one-year performance of the CZR stock.

Caesars Entertainment Inc One Year Performance Chart

Looking at the chart above, CZR has a 52-week range low of $31.31 per share and a 52-week high of $97.39 per share.

Find out 9 other oversold stocks you need to know »

See also

• Top stock owned by Howard Marks
• NERD Options Chain
• Institutional holders of GMS

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

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