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|Centerra Gold Becomes Oversold (CG.CA)
Monday, February 27, 4:37 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
CG.CA Crosses Above Key Moving Average Level
Monday, March 13, 3:49 PM ET, by Market News Video Staff
In trading on Monday, shares of Centerra Gold Inc (CG.CA) crossed above their 200 day ...
Analyst Favorites: Centerra Gold Ranks As a Top Metals Pick
Monday, March 20, 12:01 PM ET, by Market News Video Staff
A study of analyst recommendations at the major brokerages shows that Centerra Gold Inc (CG.CA) ...
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 ...
Oversold Conditions For Centerra Gold Inc (CG.CA)
By Canada Stock Channel Staff, Friday, June 22, 11:52 AM ET
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 Friday, shares of Centerra Gold Inc (TSE:CG.CA) entered into oversold territory, hitting an RSI reading of 28.6, after changing hands as low as $7.66 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 42.7. A bullish investor could look at CG.CA's 28.6 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:
Looking at the chart above, CG.CA's low point in its 52 week range is $7.66 per share, with $23.69 as the 52 week high point — that compares with a last trade of $8.35. Find out what 9 other oversold stocks you need to know about »
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