|
Featured MNV Articles:
| Shares of BVN Now OversoldBy Metals Channel Staff, Thursday, May 25, 11:36 AM ET
In trading on Thursday, shares of Compania de Minas Buenaventura S.A. (NYSE:BVN) entered into oversold territory, changing hands as low as $6.79 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 Compania de Minas Buenaventura S.A., the RSI reading has hit 29.8 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 39.7, the RSI of Spot Gold is at 8.1, and the RSI of Spot Silver is presently 11.0. A bullish investor could look at BVN's 29.8 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), BVN's low point in its 52 week range is $5.09 per share, with $9.45 as the 52 week high point — that compares with a last trade of $6.79. Compania de Minas Buenaventura S.A. shares are currently trading down about 2.9% on the day.
Can your brain be trained to become a chart-predicting wizard? Click here to find out
This Article's Word Cloud:
Buenaventura
Channel
Click
Compania
Gold
Index
Looking
Metals
Minas
NYSE
Oversold
Relative
Silver
Spot
Start
Stocks
Strength
Thursday
about
analysis
average
become
begin
below
brain
bullish
case
changing
chart
compares
comparison
considered
could
covered
currently
define
down
entered
look
mdash
oversold
point
reading
share
shares
territory
that
trading
week
with
|