 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| PAAS Crosses Critical Technical IndicatorBy Metals Channel Staff, Tuesday, June 20, 11:38 AM ET
In trading on Tuesday, shares of Pan American Silver Corp (NYSE:PAAS) entered into oversold territory, changing hands as low as $14.57 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 Pan American Silver Corp, the RSI reading has hit 29.9 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 46.9, the RSI of Spot Gold is at 7.6, and the RSI of Spot Silver is presently 15.4. A bullish investor could look at PAAS's 29.9 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), PAAS's low point in its 52 week range is $13.40 per share, with $21.8272 as the 52 week high point — that compares with a last trade of $14.64. Pan American Silver Corp shares are currently trading off about 4.7% on the day.
Can your brain be trained to become a chart-predicting wizard? Click here to find out
This Article's Word Cloud:
American
Channel
Click
Corp
Gold
Index
Looking
Metals
NYSE
Oversold
PAAS
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
entry
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: