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|AuRico Gold Stock Getting Very Oversold
Wednesday, June 24, 4:10 PM ET, by Market News Video Staff
In trading on Wednesday, shares of AuRico Gold Inc (AUQ) entered into oversold territory, changing ...
Noteworthy ETF Inflows: GDX, GG, ABX, NEM
Thursday, June 25, 11:03 AM ET, by Market News Video Staff
Symbols mentioned in this story: GDX, GG, ABX, NEM Exchange traded funds (ETFs) trade just ...
AEM Makes Notable Cross Below Critical Moving Average
Thursday, June 25, 4:01 PM ET, by Market News Video Staff
In trading on Thursday, shares of Agnico Eagle Mines Ltd (AEM) crossed below their 200 ...
Ex-Div Reminder for Royal Gold (RGLD)
Friday, June 26, 11:16 AM ET, by Market News Video Staff
On 6/30/15, Royal Gold, Inc. (RGLD) will trade ex-dividend, for its quarterly dividend of $0.22, ...
GDX Crowded With Sellers
Monday, June 29, 3:52 PM ET, by Market News Video Staff
In trading on Monday, shares of the Gold Miners ETF (GDX) entered into oversold territory, ...
AUQ Stock Crowded With Sellers
By Metals Channel Staff, Tuesday, July 17, 11:36 AM ET
In trading on Tuesday, shares of AuRico Gold Inc (AUQ) entered into oversold territory, changing hands as low as $6.23 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of AuRico Gold Inc, the RSI reading has hit 28.8 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 47.6, the RSI of Spot Gold is at 49.9, and the RSI of Spot Silver is presently 46.5.
A bullish investor could look at AUQ's 28.8 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), AUQ's low point in its 52 week range is $6.23 per share, with $14.17 as the 52 week high point — that compares with a last trade of $6.31. AuRico Gold Inc shares are currently trading down about 16.3% on the day.
According to the ETF Finder at ETF Channel, AUQ makes up 1.11% of the Gold Miners ETF (AMEX:GDX) which is trading lower by about 2.4% on the day Tuesday.
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