In the case of CRY, the RSI reading has hit 26.6 — by comparison, the RSI reading for the S&P 500 is currently 52.3. A bullish investor could look at CRY's 26.6 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), CRY's low point in its 52 week range is $18.24 per share, with $25.925 as the 52 week high point — that compares with a last trade of $18.24. CRY shares are currently trading off about 2.2% on the day.
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Further CRY Research:
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