Stock Message Boards
Metals Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock Message Boards
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

CRS Stock Crowded With Sellers
Tuesday, September 9, 4:24 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Carpenter Technology Corp. (CRS) entered into oversold territory, changing ...

Tenaris SA Breaks Below 200-Day Moving Average - Notable for TS
Wednesday, September 10, 4:15 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Tenaris SA (TS) crossed below their 200 day moving ...

Gerdau Stock Getting Very Oversold
Friday, September 12, 11:42 AM ET, by Market News Video Staff

In trading on Friday, shares of Gerdau S.A. (GGB) entered into oversold territory, changing hands ...

Steel (SLX) Shares Cross Below 200 DMA
Monday, September 22, 4:03 PM ET, by Market News Video Staff

In trading on Monday, shares of the Steel ETF (SLX) crossed below their 200 day ...

Reliance Steel & Aluminum Passes Through 2% Yield Mark
Thursday, September 25, 3:47 PM ET, by Market News Video Staff

In trading on Thursday, shares of Reliance Steel & Aluminum Co. (RS) were yielding above ...

  More articles:  1 2 3 4 5 6 7 next »

POSCO Stock Getting Very Oversold

By Metals Channel Staff, Monday, March 4, 11:35 AM ET
Play Video: Learn About The RSI


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In trading on Monday, shares of POSCO (NYSE:PKX) entered into oversold territory, changing hands as low as $77.60 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 POSCO , the RSI reading has hit 28.4 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 37.3, the RSI of Spot Gold is at 32.9, and the RSI of Spot Silver is presently 32.0.

A bullish investor could look at PKX's 28.4 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), PKX's low point in its 52 week range is $71.32 per share, with $95.27 as the 52 week high point that compares with a last trade of $77.66. POSCO shares are currently trading down about 3.4% on the day.

POSCO  1 Year Performance Chart

According to the ETF Finder at ETF Channel, PKX makes up 7.92% of the Steel ETF (AMEX:SLX) which is trading relatively unchanged on the day Monday.

See what other ETFs contain PKX
See what other stocks are held by SLX


Special Offer: Manage the risks of the markets better with a free 30 day trial to the Strategic Risk Management System.


This Article's Word Cloud:   Channel   Definition   ETFs   Earnings   Finder   Index   Management   Metals   Monday   Oversold   POSCO   Price   Relative   Silver   Special   Spot   Start   Strategic   Strength   Traded   analysis   below   better   bullish   changing   currently   entered   entry   heavy   held   look   makes   markets   other   oversold   point   reading   selling   share   shares   sign   stocks   technical   territory   that   trading   week   what   which   with

POSCO Stock Getting Very Oversold | www.MetalsChannel.com | Copyright © 2010 - 2014, All Rights Reserved

Nothing in Metals Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and metals stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Metals Channel; Meet Our Editorial Staff.