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|First Week of June 2014 Options Trading For North American Palladium Ltd. (PAL)
Tuesday, October 22, 12:05 PM ET, by Market News Video Staff
Investors in North American Palladium Ltd. (PAL) saw new options begin trading this week, for ...
Stillwater Mining Co. Breaks Above 200-Day Moving Average - Bullish for SWC
Tuesday, December 10, 10:54 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Stillwater Mining Co. (SWC) crossed above their 200 day ...
PLTM Makes Bullish Cross Above Critical Moving Average
Friday, December 27, 11:25 AM ET, by Market News Video Staff
In trading on Friday, shares of the First Trust ISE Global Platinum Index Fund ETF ...
PLTM Crosses Below Key Moving Average Level
Thursday, January 30, 11:11 AM ET, by Market News Video Staff
In trading on Thursday, shares of the First Trust ISE Global Platinum Index Fund ETF ...
First Trust ISE Global Platinum Index Fund (PLTM) Shares Cross Below 200 DMA
Tuesday, February 25, 12:02 PM ET, by Market News Video Staff
In trading on Tuesday, shares of the First Trust ISE Global Platinum Index Fund ETF ...
PAL Stock Crowded With Sellers
By Metals Channel Staff, Wednesday, December 14, 11:43 AM ET
In trading on Wednesday, shares of North American Palladium Ltd. (PAL) entered into oversold territory, changing hands as low as $2.52 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 North American Palladium Ltd., the RSI reading has hit 29.2 — 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 PAL's 29.2 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), PAL's low point in its 52 week range is $1.97 per share, with $7.99 as the 52 week high point — that compares with a last trade of $2.54. North American Palladium Ltd. shares are currently trading off about 6.5% on the day.
According to the ETF Finder at ETF Channel, PAL makes up 4.29% of the First Trust ISE Global Platinum Index Fund ETF (NASDAQ:PLTM) which is trading lower by about 3% on the day Wednesday.
See what other ETFs contain PAL »
See what other stocks are held by PLTM »
PAL operates in the Precious Metals sector, among companies like Kimber Resources Inc (KBX) which is off about 2% today, and Quaterra Resources Inc (QMM) trading lower by about 4.4%. Below is a three month price history chart comparing the stock performance of PAL, versus KBX and QMM.
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