Noteworthy Friday Option Activity: WLB, D, RGLD Friday, November 4, 3:25 PM ET, by Market News Video Staff Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
Noteworthy Friday Option Activity: WLB, D, RGLD Friday, November 4, 3:25 PM ET, by Market News Video Staff Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
Royal Gold (RGLD) Shares Cross Below 200 DMA Monday, November 14, 12:02 PM ET, by Market News Video Staff In trading on Monday, shares of Royal Gold Inc (RGLD) crossed below their 200 day ...
Noteworthy Monday Option Activity: RGLD, DIS, TNGO Monday, November 14, 3:28 PM ET, by Market News Video Staff Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
In trading on Thursday, shares of Banro Corporation (AMEX:BAA) entered into overbought territory, changing hands as high as $4.47 per share. We define overbought 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 overbought if the RSI reading rises above 70. In the case of Banro Corporation, the RSI reading has hit 70.2 — by comparison, the RSI reading for the S&P 500 ETF (SPY) is presently 70.0.
Investors could look at BAA's 70.2 reading as a sign that the recent heavy buying is overdue to take a break, which could bring a pullback in the stock. The chart below shows the one year performance of BAA shares:
Looking at the chart above, BAA's low point in its 52 week range is $2.45 per share, with $5.27 as the 52 week high point — that compares with a last trade of $4.42.
BAA operates in the Precious Metals sector, among companies like Royal Gold, Inc. (NASDAQ:RGLD) which is up about 0.4% today and has a current RSI reading of 46.0. Below is a three month price history chart comparing the stock performance of BAA, versus RGLD.
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Learn About The RSI
