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Silicon Graphics International Corp. Message Board

  • repeat_the_future repeat_the_future Oct 9, 2012 10:09 AM Flag

    oversold

     

    RSI at about 34... and falling...

    investopedia on RSI:

    "An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued."

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SGI
4.67-0.01(-0.21%)11:07 AMEDT