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

 
 
 

32 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

3 weeks 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 the workforce of 20,000 b ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

3 weeks 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" hit ...
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

Pakistan facing over 6,000 MW power shortfall
Islamabad, Sep 20 (IANS) Pakistan is facing an electricity shortfall of over 6,000 MW, with many parts of Punjab province witnessing outages of 20 hours a day.
 
 
'Most British female students face sexual advances on campus'
London, Sep 20 (IANS) Over one-third of British female university students have faced unwanted sexual advances on campus while studying, reveals a new poll.
 
 
More Hubble observation time goes to men: Study
Washington, Sep 20 (IANS) In a disturbing trend, an internal Hubble Space Telescope (HST) study has found that in each of the past 11 observation proposal cycles, applications led by male principal investigators had a higher success rate than those led by women.
 
 
Eight members of Ebola fact-finding mission killed in Guinea
Dakar, Sep 20 (IANS/EFE) Eight members of a government team were killed with machetes and knives by residents of a village in a remote area of Guinea where they had gone to gather data about the spread of the deadly Ebola virus disease, African media outlets said.
 
 
 

Latest from the Network

Pakistan facing over 6,000 MW power shortfall
Islamabad, Sep 20 (IANS) Pakistan is facing an electricity shortfall of over 6,000 MW, with many parts of Punjab province witnessing outages of 20 hours a day. Un-announced load shedding in small and rural cities of...
Read more on Business Balla
 
New Zealand opposition leader concedes defeat in elections
Wellington, Sep 20 (IANS) David Cunliffe, leader of New Zealand's main opposition Labour Party Saturday, conceded defeat in the general election. Cunliffe said in a televised address to party faithful that he had...
Read more on Politics Balla
 
Xi's Asia trip new chapter for China's diplomacy: Minister
Beijing, Sep 20 (IANS) Chinese President Xi Jinping's state visits to India, Sri Lanka, the Maldives and Tajikistan opened a new chapter for China's neighbourhood diplomacy, Chinese Foreign Minister Wang Yi said at...
Read more on Politics Balla
 
Asian Games: Indian hoopsters thrash Palestine
Incheon, Sep 20 (IANS) Indian men's basketball team registered a facile 89-49 win over Palestine in their opening Group B match of the 17th Asian Games at the Hwaseong Sports Complex Gymnasium here Saturday. In a...
Read more on Sport Balla
 
Men spikers win, women lose at Asiad
Incheon, Sep 20 (IANS) The Indian men's volleyball team got off to a brilliant start by notching up a 3-1 win over Hong Kong in their opening Group C game at the Asian Games here Saturday. Playing at the Ansan...
Read more on Sport Balla
 
West Indies top ICC Women's Championship table
Dubai, Sep 20 (IANS) The West Indies moved to the top of the ICC Women's Championship table after beating New Zealand 4-0 in the just-concluded bilateral One-Day International (ODI) series with left-arm spinner Anisa...
Read more on Sport Balla
 
Pakistani plane carrying 47 people grounded after bird hit
Islamabad, Sep 20 (IANS) A Lahore-bound Pakistani flight carrying 47 passengers had to be grounded here Saturday when it was hit by a bird shortly after taking off. The incident occurred with Pakistan International...
Read more on Politics Balla
 
BJP leaders discuss Tamil issues with Rajapaksa in Colombo
Colombo, Sep 20 (IANS) A wide range of issues, particularly relating to ethnic Tamils of Sri Lanka, came up for discussion during a meeting of senior BJP leaders Muralidhar Rao and Vijay Jolly with Sri Lankan President...
Read more on Politics Balla
 
Pakistan to get 160 IED-resistant vehicles from US
Islamabad, Sep 20 (IANS) The US government will give 160 Mine Resistant Ambush Protected (MRAP) vehicles, and spare and repair parts worth 198 million dollars to Pakistan, a media report said Saturday. The US State...
Read more on Politics Balla
 
Indian track cyclists fail to qualify (Roundup)
Incheon, Sep 20 (IANS) Indian track cyclists - both men's and women's teams - failed to qualify for their sprint finals at the Incheon International Velodrome in the 17th Asian Games here Saturday. In the men's...
Read more on Sport Balla