 |
 |
 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
  Featured MNV Articles:
| AUQ Stock Crowded With SellersBy Metals Channel Staff, Tuesday, July 17, 11:36 AM ET
In trading on Tuesday, shares of AuRico Gold Inc (NYSE: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 » 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
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
AMEX
According
AuRico
Channel
ETFs
Gold
Metals
Oversold
Relative
Silver
Small
Spot
Tuesday
about
analysis
below
bullish
comparison
considered
could
currently
hands
heavy
look
mining
missing
momentum
opportunities
other
oversold
point
process
range
raquo
reading
recent
scale
share
shares
stocks
territory
that
trading
universe
week
what
which
with
year
zero
|
Now Playing:
Learn About The RSI
Start slideshow: