North American Palladium Stock Oversells

Jul. 11, 2012 12:54PM PST

Forbes reported North American Palladium (NYSE:PAL) is overselling as it offers convertible shares in the market.

As quoted in the market news:

In trading on Wednesday, shares of North American Palladium Ltd. (AMEX: PAL) entered into oversold territory, changing hands as low as $1.77 per share.
In the case of North American Palladium Ltd., the RSI reading has hit 28.1 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 46.5, the RSI of Spot Gold is at 48.4, and the RSI of Spot Silver is presently 45.0.

Click here to read the full Forbes report.