Don't Ignore This Chart!

Atmos Energy gets oversold bounce

Atmos Energy came across the oversold RSI scan as 14-day RSI moved above 30 on Thursday. Also notice that the stock bounced right back to its 200-day moving average.

100212ato Click this chart for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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