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|Allegheny Technologies, Inc (ATI) Shares Cross Above 200 DMA
Friday, August 9, 4:02 PM ET, by Market News Video Staff
In trading on Friday, shares of Allegheny Technologies, Inc (ATI) crossed above their 200 day ...
Reminder - Reliance Steel & Aluminum Co. (RS) Goes Ex-Dividend Soon
Monday, August 12, 10:43 AM ET, by Market News Video Staff
On 8/14/13, Reliance Steel & Aluminum Co. (RS) will trade ex-dividend, for its quarterly dividend ...
NUE Crosses Above 3% Yield Territory
Monday, August 12, 4:07 PM ET, by Market News Video Staff
In trading on Monday, shares of Nucor Corp. (NUE) were yielding above the 3% mark ...
TKR Ex-Dividend Reminder - 8/16/13
Wednesday, August 14, 10:30 AM ET, by Market News Video Staff
On 8/16/13, Timken Co. (TKR) will trade ex-dividend, for its quarterly dividend of $0.23, payable ...
POSCO Breaks Above 200-Day Moving Average - Bullish for PKX
Wednesday, August 14, 11:00 AM ET, by Market News Video Staff
In trading on Wednesday, shares of POSCO (PKX) crossed above their 200 day moving average ...
POSCO Stock Getting Very Oversold
By Metals Channel Staff, Monday, March 4, 11:35 AM ET
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.
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.
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