Featured MNV Articles:
|Skyline Champion Moves Up In Market Cap Rank, Passing Arconic
Monday, May 4, 4:36 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Skyline ...
Scorpio Tankers Larger Than S&P 500 Component Arconic
Tuesday, May 5, 5:17 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Scorpio ...
Shutterstock Larger Than S&P 500 Component Arconic
Tuesday, May 5, 5:18 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Shutterstock ...
See How Arconic Ranks Among Analysts' Top Metals Picks
Friday, June 26, 11:50 AM ET, by Market News Video Staff
A study of analyst recommendations at the major brokerages shows that Arconic Corp (ARNC) is ...
Top Buys by Top Brass: CFO Asmussen's $198.8K Bet on ARNC
Friday, July 17, 12:19 PM ET, by Market News Video Staff
A company's own top management tend to have the best inside view into the business, ...
Shares of ARNC Now Oversold
By Metals Channel Staff, Tuesday, February 23, 11:36 AM ET
In trading on Tuesday, shares of Arconic Corp (NYSE:ARNC) entered into oversold territory, changing hands as low as $22.22 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 Arconic Corp, the RSI reading has hit 29.4 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 52.1, the RSI of Spot Gold is at 42.4, and the RSI of Spot Silver is presently 57.0.
A bullish investor could look at ARNC's 29.4 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), ARNC's low point in its 52 week range is $5.80 per share, with $31.59 as the 52 week high point — that compares with a last trade of $23.33. Arconic Corp shares are currently trading off about 9.3% on the day.
Can your brain be trained to become a chart-predicting wizard? Click here to find out
This Article's Word Cloud: