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Notable Two Hundred Day Moving Average Cross - CG.CA
Tuesday, April 25, 11:00 AM ET, by Market News Video Staff

In trading on Tuesday, shares of Centerra Gold Inc (CG.CA) crossed below their 200 day ...

Noteworthy ETF Outflows: GDXJ, KL.CA, IAG, CG.CA
Tuesday, May 30, 11:27 AM ET, by Market News Video Staff

Symbols mentioned in this story: GDXJ, KL.CA, IAG, CG.CA Exchange traded funds (ETFs) trade just ...

Analyst Favorites: Centerra Gold Ranks As a Top Metals Pick
Monday, June 5, 12:00 PM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that Centerra Gold Inc (CG.CA) ...

Notable ETF Outflow Detected - GDXJ, KL.CA, IAG, CG.CA
Wednesday, June 7, 10:46 AM ET, by Market News Video Staff

Symbols mentioned in this story: GDXJ, KL.CA, IAG, CG.CA Exchange traded funds (ETFs) trade just ...

Centerra Gold (CG.CA) Shares Cross Below 200 DMA
Wednesday, June 14, 3:53 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Centerra Gold Inc (CG.CA) crossed below their 200 day ...

Centerra Gold Enters Oversold Territory (CG.CA)

By Canada Stock Channel Staff, Wednesday, May 23, 11:55 AM ET
Play Video: Learn About The RSI


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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Wednesday, shares of Centerra Gold Inc (TSE:CG.CA) entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $9.41 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 32.9. A bullish investor could look at CG.CA's 29.0 RSI reading today 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. The chart below shows the one year performance of CG.CA shares:

Centerra Gold Inc 1 Year Performance Chart

Looking at the chart above, CG.CA's low point in its 52 week range is $8.95 per share, with $23.69 as the 52 week high point that compares with a last trade of $9.52. Find out what 9 other oversold stocks you need to know about


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