Market Overview

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.

Posted-In: Technicals Trading Ideas

 

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