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Forbes reported stocks for Uranium Energy Corp (NYSE:UEC) are officially oversold trading at just $2.89 a share on Monday.
Forbes reported stocks for Uranium Energy Corp (NYSE:UEC) are officially oversold trading at just $2.89 a share on Monday.
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 Uranium Energy Corp, the RSI reading has hit 26.0 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 42.0, the RSI of Spot Gold is at 43.9, and the RSI of Spot Silver is presently 40.2.