Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|EGO Stock Crowded With Sellers
Friday, January 15, 4:07 PM ET, by Market News Video Staff
In trading on Friday, shares of Eldorado Gold Corp (EGO) entered into oversold territory, changing ...
AUY Stock Crowded With Sellers
Tuesday, January 19, 11:54 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Yamana Gold, Inc. (AUY) entered into oversold territory, changing ...
KGC Crosses Critical Technical Indicator
Tuesday, January 19, 11:55 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Kinross Gold Corp. (KGC) entered into oversold territory, changing ...
Tahoe Resources Becomes Oversold
Tuesday, January 19, 11:56 AM ET, by Market News Video Staff
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
GDX March 4th Options Begin Trading
Thursday, January 21, 11:50 AM ET, by Market News Video Staff
Investors in Gold Miners ETF (GDX) saw new options begin trading today, for the March ...
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.
See what other ETFs contain AUQ »
See what other stocks are held by GDX »
Special Offer: Small cap value stocks have outperformed the markets since the end of the recession — see what you've been missing with this free 30 day trial
This Article's Word Cloud: