Forbes reported shares of Cameco Corp. (TSX:CCO,NYSE: CCJ) trading as low as $16.85 a share entered into oversold territory.
Forbes reported shares of Cameco Corp. (TSX:CCO,NYSE: CCJ) trading as low as $16.85 a share entered into oversold territory.
As quoted in the market news:
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 Cameco Corp., the RSI reading has hit 30.0 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 39.8, the RSI o fSpot Gold is at 47.7, and the RSI of Spot Silver is presently 48.9.
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Commodities | |||
---|---|---|---|
Gold | 1865.01 | +11.34 | |
Silver | 22.05 | +0.31 | |
Copper | 4.30 | -0.04 | |
Palladium | 1986.00 | +1.00 | |
Platinum | 957.50 | +4.50 | |
Oil | 110.67 | +0.38 | |
Heating Oil | 3.68 | +0.04 | |
Natural Gas | 8.83 | +0.08 |
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