RSI GT 4%

Investopedia defines oversold as
1. A condition in which the price of an underlying asset has fallen sharply, and to a level below which its true value resides. This condition is usually a result of market overreaction or panic selling.

2. A situation in technical analysis where the price of an asset has fallen to such a degree - usually on high volume - that an oscillator has reached a lower bound. This is generally interpreted as a sign that the price of the asset is becoming undervalued and may represent a buying opportunity for investors.

The RSI Indicator is a good tool to help identify overbought/ oversold conditions, divergences, and crossovers that investors use to identify new trends in a stock or the market. Known as the Relative Strength Index, the RSI was developed by J. Welles Wilder in 1978 to measure the relative strength of price currently compared to its price history over a set number of periods.

This watchlist is one object in a series of object that attemps to build a profitable RSI methodology. This Watchlist contains those stocks that made more than 4% per trade during the period 1/1/2000 thru 1/1/2008 using the "oversold RSI methology". This watchlist can be used to forward test the "oversold RSI methodology".

Technical Analysis

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Fundamental Analysis

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