Sangamo Therapeutics (SGMO) Stock Analysis offering an ...

Sangamo Therapeutics (SGMO) got attention from day Traders as RSI reading reached at 36.17. The most basic RSI application is to use it to identify areas that are potentially overbought or oversold. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator.

viralnewsplace.com     Dec 14, 2019