
In trading on Monday, the shares of the Century Aluminum Company (Symbol: CENX) entered the oversold area, in which the hands were converted to $ 16.87 per share. We define the oversold area using the relative power index, or RSI, a technical analysis indicator that is used to measure the speed of minus 100 to 100. If RSI reading falls below 30, a stock is considered oversold.
In the case of Century Aluminum Company, RSI Reading has hit 28.4 – comparatively, the universe of metals and mining stocks covered by Metals Channel is currently an average RSI of 47.8, RSI Spot Gold is at 9.7, and RSI Spot The silver is currently 14.5. A bullish investor can see CENX’s 28.4 readings as a sign that recently heavy sales are in the process of termination of itself, and start looking for opportunities for the entry point on the purchase side.
Given a chart of one year performance (below), the low point of Senx in its 52 -week range is $ 9.645 per share, as a 52 -week high point with $ 25.39 – which is of the last trade of $ 16.93 Complicates with. Century aluminum company shares are currently trading more than 13.8% a day.
Click here to know that 9 other oversold metals stock you need to know »
See also:
• CNXM shares outstanding history
• Fund holding AVNT
• Otrou historical stock prices
The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.