MDI.CA Dividend Yield Pushes Past 2% Thursday, August 30, 3:05 PM ET, by Market News Video Staff In trading on Thursday, shares of Major Drilling Group International Inc. (MDI.CA) were yielding above ...
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 Tuesday, shares of Major Drilling Group International Inc. (TSE:MDI.CA) entered into oversold territory, hitting an RSI reading of 28.9, after changing hands as low as $9.01 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 52.1. A bullish investor could look at MDI.CA's 28.9 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 MDI.CA shares:
This Article's Word Cloud:FindIndexLegendaryMajorOfferPapeRelativeWarrenaboutaboveadvisesanalysisbelowbullishchartcomparisonconsideredcouldfearfulgivengreedyhandsheavyinvestorknowlookmeasuresmomentumneednewsletteropportunitiesothersoversoldpointrangereadingrecentscalesharesharesstockstocksthatthroughweekwhatwhenwithyearzero
Nothing in Canada Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel
from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners.
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. By visiting, using or viewing this site, you
agree to the following Full Disclaimer & Terms of Service. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20
minutes; data powered by Ticker Technologies, and Mergent. Contact Canada Stock Channel; Meet Our Editorial Staff.