Energy

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.

Click here to read the full Forbes report.

Featured

MARKETS

Markets
TSX20188.21-9.40
TSXV696.38-5.71
DOW31433.37-446.87
S&P 5003882.87-90.88
NASD11125.67-409.60
ASX7148.90+3.30

COMMODITIES

Commodities
Gold1865.01+11.34
Silver22.05+0.31
Copper4.30-0.04
Palladium1986.00+1.00
Platinum957.50+4.50
Oil110.67+0.38
Heating Oil3.68+0.04
Natural Gas8.83+0.08

DOWNLOAD FREE REPORTS

×