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|Bullish Two Hundred Day Moving Average Cross - ASR.CA
Monday, August 26, 10:49 AM ET, by Market News Video Staff
In trading on Monday, shares of Alacer Gold Corp (ASR.CA) crossed above their 200 day ...
Alacer Gold Corp Breaks Above 200-Day Moving Average - Bullish for ASR.CA
Wednesday, September 25, 3:49 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Alacer Gold Corp (ASR.CA) crossed above their 200 day ...
ASR.CA Crosses Below Key Moving Average Level
Tuesday, October 29, 3:58 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Alacer Gold Corp (ASR.CA) crossed below their 200 day ...
Alacer Gold Corp Becomes Oversold (ASR.CA)
By Canada Stock Channel Staff, Wednesday, November 14, 12:35 PM 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 Wednesday, shares of Alacer Gold Corp (TSE:ASR.CA) entered into oversold territory, hitting an RSI reading of 25.6, after changing hands as low as $4.98 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 32.9. A bullish investor could look at ASR.CA's 25.6 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 ASR.CA shares:
Looking at the chart above, ASR.CA's low point in its 52 week range is $4.78 per share, with $12.57 as the 52 week high point — that compares with a last trade of $4.98. Find out what 9 other oversold stocks you need to know about »
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