Celanese Enters Oversold Territory Thursday, January 7, 5:05 PM ET, by Market News Video Staff The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
In trading on Monday, shares of Kronos Worldwide Inc (NYSE:KRO) entered into overbought territory, changing hands as high as $22.915 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 Kronos Worldwide Inc, the RSI reading has hit 70.1 — by comparison, the RSI reading for the S&P 500 ETF (SPY) is presently 62.8.
Investors could look at KRO's 70.1 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 KRO shares:
Looking at the chart above, KRO's low point in its 52 week range is $14.16 per share, with $34.50 as the 52 week high point — that compares with a last trade of $22.93.
KRO operates in the Specialty Chemicals sector, among companies like Praxair, Inc. (NYSE:PX) which is down about 0.8% today and has a current RSI reading of 63.1. Below is a three month price history chart comparing the stock performance of KRO, versus PX.
This Article's Word Cloud:DaysFinderInvestorsKronosMondayNYSEPraxairRelativeSectorSevenSpecialWorldwideaboutaboveanalysisbreakbuyingchangingchartcomparisoncouldenteredheavyheldhighhistorylowermakesotheroverboughtoverdueperformancepointreadingsectorsharesharessignstocktaketechnicalterritorythattradingusedversusweekwhatwhichwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.