In trading on Friday, the shares of HeCla Mining Co (Symbol: HL) entered the oversold sector, converting hands to $ 4.53 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 Hecla Mining Co, RSI Reading has hit 28.8 – comparatively, the universe of metals and mining shares covered by Metals Channel is currently an average of 52.1 RSI, Spot Gold’s RSI is currently at 12.0, and Spot Silver currently is 12.4. A bullish investor can see HL’s 28.8 readings as a sign that recently heavy sales are in the process of abolishing themselves, and start looking for opportunities for the entry point on the purchase side.
Given a chart of one year performance (below), HL has a low point in its 52 -week range $ 4.41 per share, as a high point of 52 weeks with $ 7.68 – which compares with the final trade of $ 4.61. HeCla Mining Co stocks are currently trading more than 15.8% a day.
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