360° Coverage : McDermott International Enters Oversold Territory (MDR)

2 Updates

McDermott International Enters Oversold Territory (MDR)

Apr 1 2014, 4:04pm CDT | 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

McDermott International Enters Oversold Territory (MDR)

Apr 1 2014, 4:04pm CDT | 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 Tuesday, shares of McDermott International, Inc. (NYSE: MDR) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $7.03 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 62.4. A bullish investor could look at MDR’s 29.5 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 MDR shares:

Looking at the chart above, MDR’s low point in its 52 week range is $6.68 per share, with $11.06 as the 52 week high point — that compares with a last trade of $7.03. Find out what 9 other oversold stocks you need to know about »

According to the ETF Finder at ETFChannel.com, MDR makes up 2.07% of the Gulf States Index ETF (AMEX: MES) which is trading higher by about 2.2% on the day Tuesday.


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

Source: Forbes Business

/>/>
 
Update
2

2 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 2 ...
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 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

Debate over decentralisation of financial powers begins in UK
London, Sep 19 (IANS/RAY) The Scottish referendum may have gone in the United Kingdom's favour, but the debate over de-centralisation of financial powers is not over yet.
 
 
Now a campaign to debunk myth about sugar
London, Sep 19 (IANS) As obesity and sugar related problems are faced by a huge number of people, a new campaign has been launched to inform and educate people about sugar and the role it can play as part of a healthy balanced diet.
 
 
Nepal, GMR sign landmark pact to boost energy cooperation
Kathmandu, Sep 19 (IANS) The Nepal government and the GMR-ITD Consortium Friday signed a landmark Project Development Agreement (PDA) to develop the 900 MW Upper Karnali hydropower project, aiming to boost bilateral power cooperation wioth India.
 
 
Childless couples too enjoy family meals
New York, Sep 19 (IANS) Couples without kids in the house are just as likely as adults living with young children or adolescents to eat family meals at home on most days of the week, says a US-based study.
 
 
 

Latest from the Network

Keanu Reeves encounters intruder
Keanu Reeves came face-to-face with an intruder in his home on Monday (09.15.14). The 'Matrix' actor was reportedly woken at around 4am by sounds coming from the library in his Hollywood Hills home, so went to...
Read more on Celebrity Balla
 
Michael Douglas: It's OK to tell actresses to lose weight
Michael Douglas thinks it's fine for actresses to be told to lose weight. The 69-year-old actor is currently starring in 'The Reach', a film for which his co-star Jeremy Irvine was asked to put on 20 pounds of muscle,...
Read more on Celebrity Balla
 
Nick Frost for Doctor Who Christmas special
Nick Frost is to guest star in the 'Doctor Who' Christmas special. The 'Shaun of the Dead' star is to join the titular Time Lord, played by Peter Capaldi, and his companion Clara Oswald (Jenna Coleman) for the one-off...
Read more on Celebrity Balla
 
Jennifer Garner doesn't want Twitter guilt
Jennifer Garner doesn't want Twitter to make her feel ''guilty''. The 'Men, Women & Children' actress - who has kids Violet, eight, Seraphina, five, and Samuel, two, with husband Ben Affleck - admits she isn't very...
Read more on Celebrity Balla
 
Fashion Police future in doubt
'Fashion Police' may come to an end following Joan Rivers' death. Host Giuliana Rancic - who has worked on the show alongside the late comic since it began in 2010 - admits producers, including her friend's daughter...
Read more on Celebrity Balla
 
Nicole Kidman's eulogy to dad
Nicole Kidman paid tribute to her ''friend and protector'' at her father's funeral today (09.19.14). The 47-year-old actress gave a eulogy for her beloved dad Dr. Anthony Kidman at St Francis Xavier Church in Lavender...
Read more on Celebrity Balla
 
Jessica Simpson astronaut dream dashed by ice cream
Jessica Simpson was put off becoming an astronaut because she hated the ice cream at space camp. The singer and fashion designer used to want to fly around space as her job but her aspirations were cruelly crushed...
Read more on Celebrity Balla
 
Lauren Conrad spent 11 months writing vows
Lauren Conrad spent 11 months writing her wedding vows. The 28-year-old designer, who tied the knot with 34-year-old William Tell at a winery in Santa Ynez, California earlier this month, was determined to blow him away...
Read more on Celebrity Balla
 
Liv Tyler doesn't want to know baby's sex
Liv Tyler wants to keep the sex of her unborn baby a surprise. The 'Leftovers' actress, who already has son Milo, nine, with ex-husband Royston Langdon, is reportedly expecting her first child with British boyfriend...
Read more on Celebrity Balla
 
Sharif accuses opponents of using human shields
Islamabad, Sep 19 (IANS/RAY) Pakistani Prime Minister Nawaz Sharif Friday accused cricketer-turned-politician Imran Khan and religious leader Tahirul Qadri and their parties of "inciting people to opt for mutiny". He...
Read more on Politics Balla