Published on 25 Mar 2021 on Zacks via Yahoo Finance
Aerpio Pharmaceuticals (ARPO) Is in Oversold Territory: What's Next?
Aerpio Pharmaceuticals, Inc. ARPO has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at ARPO given that, according to its RSI reading of 29.24, it is now in oversold territory.
What is RSI?
RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.