360° Coverage : Banco Santander Brasil Enters Oversold Territory (BSBR)

2 Updates

Banco Santander Brasil Enters Oversold Territory (BSBR)

Jan 10 2014, 12:17pm 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

 
 
 

33 weeks ago

Banco Santander Brasil Enters Oversold Territory (BSBR)

Jan 10 2014, 12:17pm 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 Friday, shares of Banco Santander Brasil SA (NYSE: BSBR) entered into oversold territory, hitting an RSI reading of 23.6, after changing hands as low as $5.15 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 58.3. A bullish investor could look at BSBR’s 23.6 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 BSBR shares:

Looking at the chart above, BSBR’s low point in its 52 week range is $5.15 per share, with $8.19 as the 52 week high point — that compares with a last trade of $5.26. Find out what 9 other oversold stocks you need to know about »

According to the ETF Finder at ETFChannel.com, BSBR makes up 9.04% of the Brazil Financials ETF (AMEX: BRAF) which is trading relatively unchanged on the day Friday.


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 ...
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 MH17 ...
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

India, Japan working as strategic partners: Modi
Tokyo, Sep 2 (IANS) India and Japan are now working as "special strategic and global" partners, Prime Minister Narendra Modi said Tuesday.
 
 
Choose low-carb diet for weight loss, better heart
New York, Sep 2 (IANS) A low-carbohydrate diet is more effective for weight loss and reducing cardio-vascular risk factors than a low-fat diet, according to a new study.
 
 
Cab sharing helps cut cost, curbs CO2 emission
New York, Sep 2 (IANS) Sharing a cab may help reduce total travel time by up to 40 percent, with corresponding reductions in operational costs and carbon dioxide emissions, says a new study.
 
 
Belly fat increases high BP risk
Washington, Sep 2 (IANS) People with fat around their abdominal area are at greater risk of developing hypertension (high blood pressure) when compared to those with similar body mass index (BMI) but fat concentrations elsewhere on the body, says a study.
 
 
 

Latest from the Network

India elect to field against England in 4th ODI
Birmingham, Sep 2 (IANS) India captain Mahendra Singh Dhoni won the toss and elected to bowl against England in the fourth One-Day International (ODI) of the five-match series being played at Edgbaston here Tuesday....
Read more on Sport Balla
 
India, Japan working as strategic partners: Modi
Tokyo, Sep 2 (IANS) India and Japan are now working as "special strategic and global" partners, Prime Minister Narendra Modi said Tuesday. "We are now working as special strategic and global partners," Modi told...
Read more on Politics Balla
 
Choose low-carb diet for weight loss, better heart
New York, Sep 2 (IANS) A low-carbohydrate diet is more effective for weight loss and reducing cardio-vascular risk factors than a low-fat diet, according to a new study. To compare the effects, researchers randomly...
Read more on Celebrity Balla
 
Cab sharing helps cut cost, curbs CO2 emission
New York, Sep 2 (IANS) Sharing a cab may help reduce total travel time by up to 40 percent, with corresponding reductions in operational costs and carbon dioxide emissions, says a new study. If passengers had been...
Read more on Apple Balla
 
Belly fat increases high BP risk
Washington, Sep 2 (IANS) People with fat around their abdominal area are at greater risk of developing hypertension (high blood pressure) when compared to those with similar body mass index (BMI) but fat concentrations...
Read more on Celebrity Balla
 
Fung targets home success at PGM Sabah Championship
Sabah (Malaysia), Sep 2 (IANS) Reigning Asian Development Tour (ADT) Order of Merit champion Nicholas Fung hopes to recover from a fever in time to contend for the Professional Golf of Malaysia (PGM) Sabah Championship...
Read more on Sport Balla
 
Watching action movies makes your waistline grow
New York, Sep 2 (IANS) If your kids love to watch Hollywood action movies, better watch out for their junk food consumption. According to a study, viewers who watch action-packed programmes indulge in over-eating. "We...
Read more on Celebrity Balla
 
Pitch Perfect cast feel 'under pressure' with sequel
Ben Platt says the cast of 'Pitch Perfect' are feeling the pressure ahead of the sequel. The actor, who has starred in the popular Broadway production 'The Book of Mormon', acknowledges that the eagerly-awaited sequel...
Read more on Movie Balla
 
Imagine Entertainment in talks for 24 movie
Imagine Entertainment want to make a '24' movie. According to TVLine, the production company's chairman, Brian Grazer, has expressed an interest in taking the hit Fox series to the big screen following the end of the...
Read more on Movie Balla
 
Stan Lee reveals Black Panther movie is in the works
Stan Lee has suggested plans to make a Black Panther movie are still in development. Lee, the former president and chairman of Marvel Comics, says that Marvel Studios will look to make a film based on the first black...
Read more on Movie Balla