360° Coverage : BPOP Enters Oversold Territory

2 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

 
 
 

29 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
2

1 day 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 compa ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

2 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 MH ...
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

For DINK couples, outsourcing parenthood is cool
New York, Aug 31 (IANS) For double-income-no-kid (DINK) couples, raising a child is the most difficult part. For them, creches and day-care centres in the marketplace are no less than playing the role of real parents.
 
 
Ancient metal workers were not treated as slaves
London, Aug 31 (IANS) Ancient metal workers were highly regarded for their skills and were not treated as slaves as popular narratives suggest, says a study.
 
 
Five new monkey species discovered
London, Aug 31 (IANS) Conservationists have discovered five new monkey species in South America that have, since, been added to the animal record books.
 
 
Soon batteries to run on sugar
New York, Aug 31 (IANS) In a breakthrough to develop long-lasting batteries for smartphones and other gadgets, scientists have successfully created a sugar biobattery that completely converts the chemical energy in sugar substrates into electricity.
 
 
 

Latest from the Network

Abe glad Modi visited Kyoto
Kyoto, Aug 31 (IANS) Japan Prime Minister Shinzo Abe Sunday said he was happy his Indian counterpart Narendra Modi toured the country's ancient capital Kyoto. "I am very glad that Modi enjoyed the cultural heritage of...
Read more on Politics Balla
 
Modi leaves for Tokyo
Kyoto, Aug 31 (IANS) Indian Prime Minister Narendra Modi departed for Tokyo Sunday evening, on the second day of his five-day visit to Japan. "Goodbye Kyoto," the external affairs ministry spokesman tweeted, as Modi...
Read more on Politics Balla
 
For DINK couples, outsourcing parenthood is cool
New York, Aug 31 (IANS) For double-income-no-kid (DINK) couples, raising a child is the most difficult part. For them, creches and day-care centres in the marketplace are no less than playing the role of real parents...
Read more on Celebrity Balla
 
Philippines seeking defence ties with India after China's moves
Manila, Aug 31 (IANS) Worried over increasingly aggressive moves of China to stake claim on disputed reefs in the South China Sea, the Philippines is looking at establishing defence cooperation with allies, including...
Read more on Politics Balla
 
Ancient metal workers were not treated as slaves
London, Aug 31 (IANS) Ancient metal workers were highly regarded for their skills and were not treated as slaves as popular narratives suggest, says a study. In the course of ongoing excavations at Timna Valley in...
Read more on Apple Balla
 
World Cup is all that matters, not rankings: Clarke
Melbourne, Aug 31 (IANS) Australia cricket captain Michael Clarke feels all that matters is winning the World Cup and not the rankings. Australia are currently the No.1 ranked ODI team followed by India and South...
Read more on Sport Balla
 
Kim's daughter to follow her beauty ritual soon?
Los Angeles, Aug 31 (IANS) It seems like reality TV star Kim Kardashian's 14-month-old daughter North will take after her mother when it comes to maintaining a strict beauty routine as the little one already likes...
Read more on Celebrity Balla
 
Britney Spears' ex banned from contacting her?
Los Angeles, Aug 31 (IANS) Britney Spears' ex-boyfriend David Lucado wants to have one last conversation with the singer, but her team, led by father Jamie Spears, is reportedly blocking him from contacting her....
Read more on Celebrity Balla
 
Five new monkey species discovered
London, Aug 31 (IANS) Conservationists have discovered five new monkey species in South America that have, since, been added to the animal record books. The five new species were found in locations in Brazil, Peru and...
Read more on Apple Balla
 
Soon batteries to run on sugar
New York, Aug 31 (IANS) In a breakthrough to develop long-lasting batteries for smartphones and other gadgets, scientists have successfully created a sugar biobattery that completely converts the chemical energy in...
Read more on Apple Balla