26 March 2008
The Pig picked up shares of FXP early in the day at $98.67, and just before the market close at $96.41. Together, my position in FXP is at a cost basis of $97.54.
FXP closed today at $96.98, down $9.79 or 9.17%. Intraday, FXP traded between $95.88 and $103.02. Its RSI(2) at the close was 14.61. If you click to expand the chart below, you'll see why this low, but not extremely low RSI(2) reading has been a successful buy signal in 2008.
Posted by WershovenistPig at 12:55 AM