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| Peabody Energy Corp (BTU) Shares Enter Oversold TerritoryBy Metals Channel Staff, Monday, February 25, 4:21 PM ET
In trading on Monday, shares of Peabody Energy Corp (NYSE:BTU) entered into oversold territory, changing hands as low as $21.62 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 Peabody Energy Corp, the RSI reading has hit 28.7 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 39.4, the RSI of Spot Gold is at 37.7, and the RSI of Spot Silver is presently 37.0. A bullish investor could look at BTU's 28.7 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), BTU's low point in its 52 week range is $18.78 per share, with $36.23 as the 52 week high point — that compares with a last trade of $21.68. Peabody Energy Corp shares are currently trading off about 4.3% on the day.
According to the ETF Finder at ETF Channel, BTU makes up 6.81% of the Global Coal Portfolio ETF (PKOL) which is trading lower by about 1.5% on the day Monday. See what other ETFs contain BTU » Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
Find the right mix of model portfolios today at PortfolioChannel.com
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