360° Coverage : Dominion Diamond Stock Getting Very Oversold

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Dominion Diamond Stock Getting Very Oversold

Apr 10 2014, 3:27pm CDT | by

In trading on Thursday, shares of Dominion Diamond Corp (NYSE: DDC) entered into oversold territory, changing hands as low as $13.11 per share. We define oversold territory using the Relative...

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28 weeks ago

Dominion Diamond Stock Getting Very Oversold

Apr 10 2014, 3:27pm CDT | by

In trading on Thursday, shares of Dominion Diamond Corp (NYSE: DDC) entered into oversold territory, changing hands as low as $13.11 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of Dominion Diamond Corp, the RSI reading has hit 27.2 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 48.5, the RSI of Spot Gold is at 51.5, and the RSI of Spot Silver is presently 39.9.

Click here to find out what 9 other oversold metals stocks you need to know about, at MetalsChannel.com »

A bullish investor could look at DDC’s 27.2 reading 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.

Looking at a chart of one year performance (below), DDC’s low point in its 52 week range is $11.94 per share, with $16.78 as the 52 week high point — that compares with a last trade of $13.15. Dominion Diamond Corp shares are currently trading down about 2.4% on the day.


Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial and a special 20% off coupon from Forbes.
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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 the workforce of 20,000 by 30 pe ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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