360° Coverage : Oversold Conditions For PZE

2 Updates

Oversold Conditions For PZE

Jan 6 2014, 12:07pm CST | by

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...

Filed under: news

 
 
 

34 weeks ago

Oversold Conditions For PZE

Jan 6 2014, 12:07pm CST | by

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 Petrobras Argentina SA (NYSE: PZE) entered into oversold territory, hitting an RSI reading of 29.2, after changing hands as low as $5.31 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 56.4. A bullish investor could look at PZE’s 29.2 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 PZE shares:

Looking at the chart above, PZE’s low point in its 52 week range is $3.37 per share, with $7.48 as the 52 week high point — that compares with a last trade of $5.41. Find out what 9 other oversold stocks you need to know about »

According to the ETF Finder at ETFChannel.com, PZE makes up 3.04% of the FTSE Argentina 20 ETF (AMEX: ARGT) which is trading lower by about 1.1% on the day Monday.


Can your brain be trained to become a chart-predicting wizard? Click here to find out


Source: Forbes Business

/>/>
 
Update
2

3 days ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

4 days ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Experiential purchases more satisfying than material ones
New York, Sep 2 (IANS) Spending money doing things or buying experiences makes people feel a lot more happier than spending money on material things, a study says.
 
 
Eat fruits daily for healthy heart
London, Sep 2 (IANS) Daily fruit consumption cuts the overall risk of death by 32 percent and cardio-vascular diseases (CVDs) by up to 40 percent, a study shows.
 
 
NASA building traffic control system for drones
New York, Sep 2 (IANS) NASA is developing a drone traffic management programme that would work as a separate air traffic control system for drones flying low to the ground at 400 to 500 feet.
 
 
App that enhances smartphone battery life
New York, Sep 2 (IANS) Are you frustrated by the limited battery life of your smartphone? No need to fret any longer as a US professor has created a free app called Estar that reveals how certain apps drain a smartphone battery faster.
 
 
 

Latest from the Network

Eight policemen killed in Egypt explosion
Cairo, Sep 2 (IANS) At least eight policemen were killed and four injured Tuesday in an explosion in Egypt's Sinai region, a security official said. The blast occurred when a police vehicle went over a planted...
Read more on Politics Balla
 
Coach Orenga content with Spain's basketball World Cup performance
Madrid, Sep 2 (IANS) Spanish basketball coach Juan Antonio Orenga said he was happy with his team's performance in the FIBA World Cup till date and was all praise for veteran Pau Gasol, who has been a star for the team...
Read more on Sport Balla
 
Hateful content on Facebook bad for your brain
London, Sep 2 (IANS) Are you exposed to reading homophobic, racist, misogynistic or other hateful content on Facebook? It may have a harmful effect on your brain in the long run. According to a recent Italian study,...
Read more on Celebrity Balla
 
Two policemen killed in Afghan suicide attack
Kabul, Sep 2 (IANS) At least two policemen were killed and two others injured Tuesday in a suicide car bomb attack in Afghanistan's Nangarhar province, an official said. "The attack took place in Ghani Khil district...
Read more on Politics Balla
 
Rihanna pays £6k for nail technician
Rihanna has paid £6,000 for a manicure. The 'Rude Boy' singer, who is currently enjoying some time off from her busy schedule on her luxury yacht in the Mediterranean, flew out A-list nail technician Jenny Longworth to...
Read more on Celebrity Balla
 
Kelly Brook: Simon Cowell thought I was a singer
Kelly Brook says Simon Cowell didn't know who she was when she was asked to appear on 'Britain's Got Talent'. The 34-year-old beauty starred as judge on the show in 2009, before she was unceremoniously dumped by the '...
Read more on Celebrity Balla
 
Cee Lo Green tweets controversial rape views
Cee Lo Green has deleted his Twitter account after allegedly tweeting some controversial views on rape. According to an article on BuzzFeed, the 39-year-old singer posted several comments about the subject on his...
Read more on Celebrity Balla
 
Ariana Grande hits out at nude photo leak
Ariana Grande insists reported nude pictures of her are fake - because her bottom is ''a lot cuter'' in real life. The 'Problem' hitmaker took to her Twitter account this morning (02.09.14) to address rumors that a...
Read more on Celebrity Balla
 
Ryan Fletcher opens up about Ashley Roberts romance
Lawson's Ryan Fletcher has opened up about his romance with Ashley Roberts. The bassist has confirmed that he's dating the former Pussycat Dolls singer - who was previously romantically linked with TV presenter Declan...
Read more on Celebrity Balla
 
Kanye West avoided dress disaster before wedding
Kanye West avoided a bridesmaid disaster before his wedding to Kim Kardashian. The rapper became a hero before he had even tied the knot with the brunette beauty at their May nuptials when he stepped in at the last...
Read more on Celebrity Balla