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|HL Crosses Critical Technical Indicator
Tuesday, January 19, 11:51 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Hecla Mining Co. (HL) entered into oversold territory, changing ...
First Week of March 18th Options Trading For Harmony Gold Mining (HMY)
Wednesday, January 20, 11:20 AM ET, by Market News Video Staff
Investors in Harmony Gold Mining Co. Ltd.. ...
See How Hecla Mining Ranks Among Analysts' Top Metals Picks
Wednesday, January 27, 11:47 AM ET, by Market News Video Staff
A study of analyst recommendations at the major brokerages shows that Hecla Mining Co. (HL) ...
HL April 15th Options Begin Trading
Monday, February 22, 12:01 PM ET, by Market News Video Staff
Investors in Hecla Mining Co. (HL) saw new options become available today, for the April ...
XME, NEM, CNX, HL: Large Inflows Detected at ETF
Monday, February 22, 12:15 PM ET, by Market News Video Staff
Symbols mentioned in this story: XME, NEM, CNX, HL Exchange traded funds (ETFs) trade just ...
AAU Crosses Critical Technical Indicator
By Metals Channel Staff, Tuesday, December 13, 3:58 PM ET
In trading on Tuesday, shares of Almaden Minerals Ltd. (AMEX:AAU) entered into oversold territory, changing hands as low as $2.17 per share. 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 Almaden Minerals Ltd., the RSI reading has hit 29.7 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 40.7, the RSI of Spot Gold is at 32.1, and the RSI of Spot Silver is presently 35.6.
A bullish investor could look at AAU's 29.7 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), AAU's low point in its 52 week range is $2.11 per share, with $5.35 as the 52 week high point — that compares with a last trade of $2.18. Almaden Minerals Ltd. shares are currently trading down about 6% on the day.
AAU operates in the Precious Metals sector, among companies like Hecla Mining Co. (NYSE:HL) which is down about 3.7% today, and Harmony Gold Mining Co. Ltd. (NYSE:HMY) trading lower by about 2.7%. Below is a three month price history chart comparing the stock performance of AAU, versus HL and HMY.
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