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Synta Pharmaceuticals Corp. (SNTA) Message Board

  • harboursnug harboursnug Oct 30, 2013 6:00 PM Flag

    The Street - SNTA Becomes Oversold (Oct 28th 4:20 pm)

    In trading on Monday, shares of Synta Pharmaceuticals Corp (SNTA_) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low #$%$02 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 68.6. A bullish investor could look at SNTA's 29.7 RSI reading today 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.

    Well if it was a buy Monday..... it's more of a buy Wednesday.

3.13+0.03(+0.97%)Nov 26 4:00 PMEST

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