360° Coverage : Oversold Conditions For ProAssurance (PRA)

1 Updates

Oversold Conditions For ProAssurance (PRA)

Feb 6 2014, 3:43pm 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

 
 
 

37 weeks ago

Oversold Conditions For ProAssurance (PRA)

Feb 6 2014, 3:43pm 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 Thursday, shares of ProAssurance Corp. (NYSE: PRA) entered into oversold territory, hitting an RSI reading of 29.2, after changing hands as low as $44.23 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 43.7. A bullish investor could look at PRA’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 PRA shares:

Looking at the chart above, PRA’s low point in its 52 week range is $42.29 per share, with $55.44 as the 52 week high point — that compares with a last trade of $44.29. Find out what 9 other oversold stocks you need to know about »

According to the ETF Finder at ETFChannel.com, PRA makes up 4.06% of the KBW Property & Casualty Insurance Portfolio ETF (AMEX: KBWP) which is trading up by about 0.4% on the day Thursday.


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

Source: Forbes Business

/>/>
 
Update
1

8 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 t ...
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

WHO welcomes approval of Ebola vaccine trial in Switzerland
Geneva, Oct 28 (IANS) The World Health Organisation (WHO) Tuesday welcomed the approval of a Swiss regulatory authority for a trial with an experimental Ebola vaccine at the Lausanne University Hospital.
 
 
Salt-degraded farm soil now equals the size of France
Toronto, Oct 28 (IANS) Every day for more than 20 years, an average of 2,000 hectares of irrigated land in arid and semi-arid areas across 75 countries, including in India, has been degraded by salt, a research has found.
 
 
Radiation exposure ups aggressive thyroid cancer risk
New York, Oct 28 (IANS) Nuclear power plant accidents could be devastating and researchers have now found that exposure to radioactive iodine is associated with more aggressive forms of thyroid cancer.
 
 
French medical personnel who treated Ebola victim free of virus
Paris, Oct 28 (IANS/EFE) Dozens of medical personnel who took care of a French nurse while she was being treated for the Ebola virus disease have finished their observation period and are free of the virus, French health officials said Tuesday.
 
 
 

Latest from the Network

Billiards: Bhaskar shocks Gilchrist, joins Advani in semis
Leeds, Oct 28 (IANS) For long the bridesmaid in Indian billiards, Balachandra Bhaskar, the 43-year-old from Bangalore, authored a big upset when he knocked out defending champion Peter Gilchrist 797-586 to enter the...
Read more on Sport Balla
 
WHO welcomes approval of Ebola vaccine trial in Switzerland
Geneva, Oct 28 (IANS) The World Health Organisation (WHO) Tuesday welcomed the approval of a Swiss regulatory authority for a trial with an experimental Ebola vaccine at the Lausanne University Hospital. According to...
Read more on Business Balla
 
Indian in US gets 15 years in jail for backing Hezbollah
New York, Oct 28 (IANS) An Indian citizen residing illegally in the US has been sentenced to 15 years in prison for allegedly trying to provide material support to Hezbollah, a designated foreign terrorist...
Read more on Politics Balla
 
Another body recovered from sunken South Korean ferry
Seoul, Oct 28 (IANS/EFE) South Korean rescue teams Tuesday recovered one of the 10 bodies still missing from the Sewol ferry which sunk off the country's southwest coast April 16 this year leaving 304 people dead, most...
Read more on Politics Balla
 
Iraqi Kurdish force moves to help fight IS militants in Kobane
Baghdad, Oct 28 (IANS) A group of Iraqi Kurdish fighters, known as Peshmerga, headed Tuesday to the Syrian border town of Kobane via Turkey to help local Kurdish people who have been struggling to fend off attacks by...
Read more on Politics Balla
 
Al Qaeda affiliate seizes seven villages in Syria
Beirut, Oct 28 (IANS/EFE) The Nusra Front, Al Qaeda's affiliate in Syria, has seized seven villages in the northern Syrian province of Idlib over the past few hours, the Syrian Observatory for Human Rights reported...
Read more on Politics Balla
 
Butler, Witherspoon to appear at Hollywood Film Awards
Los Angeles, Oct 28 (IANS) A bevy of Hollywood stars including Gerard Butler, Michael Keaton and Reese Witherspoon will appear in the Eye's inaugural Hollywood Film Awards, scheduled to take place Nov 14. CBS has...
Read more on Celebrity Balla
 
Help Yezidis from extinction: Ravi Shankar
Bangalore, Oct 28 (IANS) Spiritual leader Sri Sri Ravi Shankar Tuesday urged the governments of Europe, the US and India to save the thousands of Yazidis trapped in the Sinjar mountains in Iraq. "This is the one of...
Read more on Politics Balla
 
Salt-degraded farm soil now equals the size of France
Toronto, Oct 28 (IANS) Every day for more than 20 years, an average of 2,000 hectares of irrigated land in arid and semi-arid areas across 75 countries, including in India, has been degraded by salt, a research has...
Read more on Politics Balla
 
Radiation exposure ups aggressive thyroid cancer risk
New York, Oct 28 (IANS) Nuclear power plant accidents could be devastating and researchers have now found that exposure to radioactive iodine is associated with more aggressive forms of thyroid cancer. "Our group has...
Read more on Politics Balla