MSB Crosses Critical Technical Indicator Thursday, May 18, 3:56 PM ET, by Market News Video Staff In trading on Thursday, shares of Mesabi Trust (MSB) entered into oversold territory, changing hands ...
MSB Crosses Above Key Moving Average Level Friday, September 15, 3:57 PM ET, by Market News Video Staff In trading on Friday, shares of Mesabi Trust (MSB) crossed above their 200 day moving ...
Reminder - Mesabi Trust (MSB) Goes Ex-Dividend Soon Wednesday, October 25, 10:28 AM ET, by Market News Video Staff On 10/27/23, Mesabi Trust (MSB) will trade ex-dividend, for its quarterly dividend of $0.35, payable ...
Mesabi Trust Enters Oversold Territory (MSB) Wednesday, November 8, 11:42 AM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Reminder - Mesabi Trust (MSB) Goes Ex-Dividend Soon Thursday, January 25, 10:00 AM ET, by Market News Video Staff On 1/29/24, Mesabi Trust (MSB) will trade ex-dividend, for its quarterly dividend of $0.37, payable ...
Mesabi Trust Enters Oversold Territory (MSB)
By Market News Video Staff, Wednesday, November 8, 11:42 AM 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 Mesabi Trust (NYSE:MSB) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $18.27 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 60.7. A bullish investor could look at MSB's 29.7 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 MSB shares:
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