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AGORACOM Best Of The Best Small Cap TV – August 29, 2014

Summer end selling season is now upon us and small cap investors have an opportunity to buy oversold companies at a bargain.

In this special episode of AGORACOM Best Of The Best Small Cap TV, George (Founder) and Allan (Chief Market Commentator) give their Top 5 Summer End Selling Candidates (+ 1 Bonus Pick) that are most likely to provide a pop to their portfolios by October 31, 2014.  There is a lot on the line in the wager between the two, with each providing completely different picks from the other and some great potential trades for viewers.

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Message: Oversold Conditions For Franco-Nevada Corp

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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 »


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