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Ex-Dividend Reminder: Philip Morris International, Luminex and ProAssurance
Monday, September 21, 9:56 AM ET, by Market News Video Staff

On 9/23/20, Philip Morris International Inc (PM), Luminex Corp (LMNX), and ProAssurance Corp (PRA) will ...

Analysts Expect 13% Gains Ahead For IJR
Tuesday, October 20, 7:50 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

ProAssurance (PRA) Shares Cross Above 200 DMA
Wednesday, December 9, 4:05 PM ET, by Market News Video Staff

In trading on Wednesday, shares of ProAssurance Corp (PRA) crossed above their 200 day moving ...

Ex-Dividend Reminder: ProAssurance, Meridian Bancorp and CMC Materials
Thursday, December 17, 10:10 AM ET, by Market News Video Staff

On 12/21/20, ProAssurance Corp (PRA), Meridian Bancorp Inc (EBSB), and CMC Materials Inc (CCMP) will ...

ProAssurance Reaches Analyst Target Price
Wednesday, February 10, 8:07 AM ET, by Market News Video Staff

In recent trading, shares of ProAssurance Corp (PRA) have crossed above the average analyst 12-month ...

ProAssurance is Now Oversold (PRA)

By Market News Video Staff, Wednesday, May 12, 4:34 PM 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 ProAssurance Corp (NYSE:PRA) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $23.78 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 42.3. A bullish investor could look at PRA's 28.3 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 PRA shares:

ProAssurance Corp 1 Year Performance Chart

Looking at the chart above, PRA's low point in its 52 week range is $12.67 per share, with $29.15 as the 52 week high point — that compares with a last trade of $23.79. Find out what 9 other oversold stocks you need to know about »


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