American Public Education Could Be Oversold
The shares of American Public Education (NASDAQ: APEI) seem grossly oversold. Its relative strength index is currently slightly below 17.
Last Thursday, American Public Education reported better than expected Q1 profit, but its Q2 guidance disappointed investors. As a result, the stock fell more than 10% near the $17 level. However, low RSI could indicate that the stock is oversold.
American Public Education is currently trading at $27.22, a loss of $0.88 or 3.11% from Friday's closing price.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.