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

Featured MNV Articles:

Reliance Steel & Aluminum Co. Enters Oversold Territory
Friday, January 24, 5:39 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Steel Breaks Below 200-Day Moving Average - Notable for SLX
Monday, January 27, 3:53 PM ET, by Market News Video Staff

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

NUE Crosses Below Key Moving Average Level
Monday, January 27, 3:58 PM ET, by Market News Video Staff

In trading on Monday, shares of Nucor Corp. (NUE) crossed below their 200 day moving ...

STLD Crosses Below Key Moving Average Level
Monday, January 27, 4:55 PM ET, by Market News Video Staff

In trading on Monday, shares of Steel Dynamics Inc. (STLD) crossed below their 200 day ...

Bullish Two Hundred Day Moving Average Cross - TKR
Thursday, January 30, 11:11 AM ET, by Market News Video Staff

In trading on Thursday, shares of Timken Co. (TKR) crossed above their 200 day moving ...

  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:   AMEX   According   Average   Channel   Definition   ETFs   Earnings   Index   Industrial   Manage   Metals   Monday   POSCO   Relative   Risk   Silver   Spot   Steel   Strength   about   analysis   below   comparison   currently   hands   heavy   look   mining   momentum   other   oversold   point   range   reading   recent   scale   share   shares   slideshow   stocks   territory   that   trading   unchanged   week   what   which   with   year   zero

10 Top DividendRank Energy Stocks - Slide 1 of 10 | www.EnergyStockChannel.com | Copyright © 2010 - 2014, All Rights Reserved

Nothing in Energy Stock 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 Service. Video widget and energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.