Market News Video
MNV MNV 10 Stocks Crossing Below Book Value
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Bank of Nova Scotia (BNS) Shares Cross Above 200 DMA
Friday, March 9, 4:10 PM ET, by Market News Video Staff

In trading on Friday, shares of Bank of Nova Scotia Halifax (BNS) crossed above their ...

Analysts Predict 13% Gains Ahead For The Holdings of PID
Wednesday, March 14, 8:47 AM ET, by Market News Video Staff

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

Thomson Reuters Corp is Now Oversold
Friday, March 16, 4:32 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Seaspan (SSW) Shares Cross Above 200 DMA
Wednesday, March 21, 4:09 PM ET, by Market News Video Staff

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

Ex-Div Reminder for Canadian Imperial Bank Of Commerce (CM.CA)
Friday, March 23, 10:39 AM ET, by Market News Video Staff

On 3/27/18, Canadian Imperial Bank Of Commerce (Toronto, Ontario) (CM.CA) will trade ex-dividend, for its ...

Bank of Montreal Becomes Oversold (BMO)

By Market News Video Staff, Monday, February 5, 4:51 PM ET
Play Video: Learn About The RSI

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

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 Monday, shares of Bank of Montreal (Quebec) (NYSE:BMO) entered into oversold territory, hitting an RSI reading of 28.0, after changing hands as low as $77.32 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 29.6. A bullish investor could look at BMO's 28.0 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 BMO shares:

Bank of Montreal (Quebec) 1 Year Performance Chart

Looking at the chart above, BMO's low point in its 52 week range is $66.75 per share, with $84.71 as the 52 week high point that compares with a last trade of $77.54. Find out what 9 other oversold stocks you need to know about

According to the ETF Finder at ETF Channel, BMO makes up 1.53% of the PowerShares International Dividend Achievers Portfolio ETF (NASDAQ:PID) which is trading lower by about 3.1% on the day Monday.

See what other ETFs contain BMO
See what other stocks are held by PID

Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter

This Article's Word Cloud:   About   According   Achievers   Bank   Buffett   Channel   Dividend   ETFs   Find   Finder   Index   International   Know   Legendary   Looking   Monday   Montreal   NYSE   Newsletter   Offer   Oversold   Portfolio   PowerShares   Premium   Quebec   Receive   Relative   about   below   chart   fearful   greedy   investor   look   other   others   oversold   point   reading   share   shares   stock   stocks   that   trading   week   what   when   which   with
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV MNV Stock Message Boards Stock Market Definitions

Bank of Montreal Becomes Oversold (BMO) | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. 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. Read Full Disclaimer.