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|Gold Miners ETF Experiences Big Inflow
Friday, May 23, 11:06 AM ET, by Market News Video Staff
Symbols mentioned in this story: GDX, GG, ABX, NEM Exchange traded funds (ETFs) trade just ...
This Stock Has A 3.91% Yield And Sells For Less Than Book
Tuesday, May 27, 9:31 AM ET, by Market News Video Staff
Pan American Silver Corp. (PAAS) has been named as a Top 5 dividend paying metals ...
Barrick Gold (ABX) Shares Enter Oversold Territory
Tuesday, May 27, 11:44 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Barrick Gold Corp. (ABX) entered into oversold territory, changing ...
Goldcorp (GG) Shares Cross Below Book Value
Tuesday, May 27, 12:32 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Goldcorp Inc (GG) crossed below their last reported book ...
Gold Miners (GDX) Enters Oversold Territory
Tuesday, May 27, 3:48 PM ET, by Market News Video Staff
In trading on Tuesday, shares of the Gold Miners ETF (GDX) entered into oversold territory, ...
PAAS Crosses Critical Technical Indicator
By Metals Channel Staff, Wednesday, December 14, 11:44 AM ET
In trading on Wednesday, shares of Pan American Silver Corp. (NASDAQ:PAAS) entered into oversold territory, changing hands as low as $22.22 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 Pan American Silver Corp., the RSI reading has hit 29.1 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 37.6, the RSI of Spot Gold is at 26.5, and the RSI of Spot Silver is presently 29.3.
A bullish investor could look at PAAS's 29.1 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), PAAS's low point in its 52 week range is $22.22 per share, with $43.06 as the 52 week high point — that compares with a last trade of $22.38. Pan American Silver Corp. shares are currently trading down about 6.4% on the day.
According to the ETF Finder at ETF Channel, PAAS makes up 1.22% of the Gold Miners ETF (AMEX:GDX) which is trading relatively unchanged on the day Wednesday.
See what other ETFs contain PAAS »
See what other stocks are held by GDX »
PAAS operates in the Precious Metals sector, among companies like Almaden Minerals Ltd. (AMEX:AAU) which is off about 9.5% today, and Entree Gold Inc (AMEX:EGI) trading lower by about 6.2%. Below is a three month price history chart comparing the stock performance of PAAS, versus AAU and EGI.
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