exploration & production + 285 royalties
Gold & precious metals - Oil & Natural Gas - Base metals.
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash

VIDEO - FRESH OFF THE WEBCAM - AGORACOM SMALL CAP BEST OF THE BEST - OCTOBER 29, 2014

George and Allan Discuss:

  • The TSX Venture Exchange
  • Top Small Cap Stock Picks
  • Buy Now or Wait ... Tax Loss Selling Strategies

WHAT ARE SMALL CAP INVESTORS SAYING?

"Thank-You Very Much. I Love The Show. I Discovered You Guys A Couple Of Days Ago And Will Now Become A Regular Viewer!" (Sean Reid)

CLICK ON IMAGE BELOW TO WATCH WHAT YOU'VE BEEN MISSING!



Message: Oversold Conditions For Franco-Nevada Corp

Bayst_profile
Rank: [?]
Vice President
Points: [?]
8829
Rating: [?]
Votes: 167 Score: 3.2
  • Currently 3.2/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Oversold Conditions For Franco-Nevada Corp

posted on Jan 25, 13 05:22PM
Investing
01/25/2013 @ 12:05PM |82 views
Contributor
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 Friday, shares of Franco-Nevada Corp (Toronto: FNV) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $52.06 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 77.3. A bullish investor could look at FNV’s 29.8 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 FNV shares:

Click here to find out which 9 other oversold Canadian stocks you need to know about, at DividendChannel.com »

Franco-Nevada Corp 1 Year Performance Chart

Looking at the chart above, FNV’s low point in its 52 week range is $37.99 per share, with $60.62 as the 52 week high point — that compares with a last trade of $52.08. Find out what 9 other oversold stocks you need to know about »


New Message

Please login to post a reply

AGORACOM Quick Tips

Start A New HUB. Control. Quality. Refreshing. ... Start One Now

President's D.D.

New feature: Hub Presidents can add important links here.