Stock Message Boards
Metals Channel
Market News Video The Warren Buffetts Next Door Stock Message Boards
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

  More articles:  

TAS Stock Crowded With Sellers

By Metals Channel Staff, Wednesday, November 7, 4:13 PM ET
Play Video: Learn About The RSI

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In trading on Wednesday, shares of Tasman Metals Ltd. (AMEX:TAS) entered into oversold territory, changing hands as low as $1.31 per share. We define oversold 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 oversold if the RSI reading falls below 30.

In the case of Tasman Metals Ltd., the RSI reading has hit 29.4 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 44.8, the RSI of Spot Gold is at 45.6, and the RSI of Spot Silver is presently 40.1.

A bullish investor could look at TAS's 29.4 reading 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.

Looking at a chart of one year performance (below), TAS's low point in its 52 week range is $1.24 per share, with $3.35 as the 52 week high point that compares with a last trade of $1.32. Tasman Metals Ltd. shares are currently trading down about 5% on the day.

Tasman Metals Ltd. 1 Year Performance Chart

Special Offer: Manage the risks of the markets better with a free 30 day trial to the Multi-Asset Class Risk Management Portfolio.

This Article's Word Cloud:   AMEX   Average   Definition   Earnings   Gold   Index   Industrial   Manage   Management   Metals   Portfolio   Price   Relative   Risk   Silver   Spot   Strength   Tasman   Wednesday   about   analysis   below   bullish   comparison   could   currently   hands   heavy   look   mining   momentum   opportunities   oversold   point   process   range   reading   recent   scale   share   shares   slideshow   stocks   territory   that   trading   week   with   year   zero

| | Copyright © 2010 - 2014, All Rights Reserved

Nothing in Energy 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 energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.