10 Updates

BPOP Enters Oversold Territory

Feb 3 2014, 3:56pm 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

 
 
 

24 weeks ago

BPOP Enters Oversold Territory

Feb 3 2014, 3:56pm 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 Popular Inc. (NASD: BPOP ) entered into oversold territory, hitting an RSI reading of 28.2, after changing hands as low as $25.27 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 33.6. A bullish investor could look at BPOP’s 28.2 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 BPOP shares:

Looking at the chart above, BPOP’s low point in its 52 week range is $23.97 per share, with $34.34 as the 52 week high point — that compares with a last trade of $25.50. Find out what 9 other oversold stocks you need to know about »

According to the ETF Finder at ETFChannel.com, BPOP makes up 1.90% of the SPDR S&P Bank ETF (AMEX: KBE ) which is trading relatively unchanged on the day Monday.


Special Offer: Manage the risks of the markets better with a free 30 day trial to the Strategic Risk Management System.

Source: Forbes Business

/>/>
 
Update
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was t ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

Collingwood Magpies Training Session
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into b ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan Ra ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern states ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

6 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 mill ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

6 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Dat ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

6 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an alloca ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

6 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Scheme 20 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

6 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinra ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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

US approves probes against Chinese tires
Washington, July 23 (IANS) The US International Trade Commission (USITC) Tuesday approved the anti-dumping and countervailing duties investigations against imports of certain passenger vehicle and light truck tires from China.
 
 
Nigeria poverty level drops: Report
Lagos, July 23 (IANS) Poverty rate in Nigeria has dropped from 35.2 percent to 33.1 percent in 2013, a latest World Bank report said Tuesday.
 
 
UN agencies call for actions against polio in Syria
Geneva, July 23 (IANS) The World Health Organisation and the United Nations International Children's Emergency Fund Tuesday said in a report that actions are needed to protect children against polio in Syria as polio cases resurfaced in the conflict-stricken country.
 
 
US airlines cancel flights to Israel
Washington, July 23 (IANS) Two major US civil aviation giants, Delta Airlines and US Airways announced Tuesday that they have cancelled flights to Israel due to safety and security concerns.
 
 
 

Latest from the Network

Colombian president praises Rodriguez on Real move
Bogota (Colombia), July 23 (IANS) Colombia's President Juan Manuel Santos has congratulated national football star James Rodriguez on moving to Spanish club Real Madrid. "What pride James Rodriguez!" the president...
Read more on Sport Balla
 
Ukraine crisis: EU to impose new sanctions
Brussels, July 23 (IANS) The European Union (EU) has decided to impose new sanctions on people and entities over the on-going crisis in Ukraine. EU's Foreign Policy Chief Catherine Ashton in a meeting in Brussels...
Read more on Politics Balla
 
Shakhtar Donetsk win Ukraine's Super Cup
Kiev, July 23 (IANS) Two second-half goals have gifted league champions Shakhtar Donetsk a 2-0 victory over cup winners Dynamo Kiev in the Ukrainian Super Cup at Lviv. Ukrainian forward Olexander Gladkiy broke the...
Read more on Sport Balla
 
Mexican high school reinstates lesbian teacher
Mexico City, July 23 (IANS/EFE) Education authorities in the Mexican state of Morelos announced that a lesbian teacher will return to classes after accusations against made by parents of her students were dismissed....
Read more on Politics Balla
 
13 militants die in Pakistan airstrikes
Islamabad, July 23 (IANS) At least 13 militants were killed Wednesday during air strikes carried out in Pakistan's North Waziristan region. According to military officials, six militant hideouts were destroyed in the...
Read more on Politics Balla
 
Stoke City sign Bojan from Barcelona
London, July 23 (IANS) English Premier League club Stoke City has announced that the team has signed Spanish striker Bojan Krkic, known as simply "Bojan", from Barcelona. The 23-year-old Bojan, coming up through the...
Read more on Sport Balla
 
Cheryl Cole's mother approves of husband
Cheryl Cole's mother approves of her new husband. The 'Crazy Stupid Love' singer tied the knot with Jean-Bernard Fernandez-Versini in a secret ceremony earlier this month after less than three months of dating, but the...
Read more on Celebrity Balla
 
Katie Price regrets love tattoos
Katie Price regrets having tattoos of her exes' names. The glamour model is haunted by the body art she got while married to ex-husband Peter Andre and in a relationship with ex-fiancé Leandro Penna, but Katie admits...
Read more on Celebrity Balla
 
Emma Stone: Woody Allen keeps scripts 'under wraps'
Emma Stone says Woody Allen ''goes to great lengths'' to keep details of his scripts a secret. 'The Amazing Spider-Man 2' actress stars alongside Colin Firth in Allen's upcoming romantic comedy 'Magic in the Moonlight'...
Read more on Movie Balla
 
Six African teams for Nairobi World Hockey League
Nairobi, July 23 (IANS) Six teams have confirmed participation in the International Hockey Federation (FIH) World Hockey League Series in Nairobi from Sep 2-7. The competition will serve as a qualifier for the 2015...
Read more on Sport Balla