 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Carrier Global (CARR) Shares Enter Oversold TerritoryBy Metals Channel Staff, Tuesday, September 21, 11:35 AM ET
In trading on Tuesday, shares of Carrier Global Corp (NYSE:CARR) entered into oversold territory, changing hands as low as $52.31 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 Carrier Global Corp, 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 40.5, the RSI of Spot Gold is at 40.8, and the RSI of Spot Silver is presently 28.3. A bullish investor could look at CARR'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), CARR's low point in its 52 week range is $28.79 per share, with $58.89 as the 52 week high point — that compares with a last trade of $52.71. Carrier Global Corp shares are currently trading off about 2.1% on the day.
Can your brain be trained to become a chart-predicting wizard? Click here to find out
This Article's Word Cloud:
CARR
Carrier
Channel
Click
Corp
Global
Gold
Index
Looking
Metals
NYSE
Oversold
Relative
Silver
Spot
Start
Stocks
Strength
Tuesday
about
analysis
average
become
begin
below
brain
bullish
case
changing
chart
compares
comparison
considered
could
covered
currently
define
entered
look
mdash
oversold
point
reading
share
shares
territory
that
trading
week
with
|
Play Video:
Learn About The RSI
Free Email Alerts By Stock:
Start slideshow: