360° Coverage : Dominion Diamond Stock Getting Very Oversold

1 Updates

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...

Filed under: news

 
 
 

20 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.
/>/>
 
Update
1

20 hours 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" hits ...
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

13 die of Ebola in DRC
Kinshasa, Aug 29 (IANS) A total of 13 people, including five doctors, died of Ebola virus disease in the Democratic Republic of Congo (DRC), the country's Minister of Public Health Felix Kabange told Xinhua Friday.
 
 
How birds learnt to fly
New York, Aug 29 (IANS) Birds have an innate ability to maneuver in mid-air, a talent that could have helped their ancestors learn to fly rather than fall from a perch, says a study.
 
 
Millions of mites crawling on your face right now!
New York, Aug 29 (IANS) Are you aware that your face is brimming with living mites that feed on the oil our skin secretes and hide in tiny hair follicles? And no, they are not pooping on you as they store up all the excreta until they die!
 
 
New tool maps how drug abuse affects brain
Washington, Aug 29 (IANS) In a first, researchers have developed a laser-based imaging tool to map how drug abuse disrupts blood flow to the brain.
 
 
 

Latest from the Network

Russia to enhance nuke capability for own security: Putin
Moscow, Aug 29 (IANS/ITAR -TASS) Russia will continue building up its nuclear potential not for the purpose of intimidation but for ensuring its security, President Vladimir Putin said Friday. "We are strengthening...
Read more on Politics Balla
 
Political deadlock persists in Pakistan as army plays 'facilitator' (Roundup)
Islamabad, Aug 29 (IANS) The talks between the government and representatives of the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) failed to break the political deadlock between the two sides Friday...
Read more on Politics Balla
 
Jason Segel lives with puppets
Jason Segel owns hundreds of puppets. The 34-year-old actor has a major obsession with collecting the moveable models and admits they have even started taking over his Los Angeles home. Speaking to The Guardian...
Read more on Celebrity Balla
 
Ariana Grande is 'happy' with love life
Ariana Grande is ''happy'' with her love life. The 21-year-old singer refused to reveal too much about her blossoming romance with Big Sean, 26, but she insists she's content with how it's progressing. Asked about her...
Read more on Celebrity Balla
 
Kelly Clarkson wants 'big family'
Kelly Clarkson wants a ''big family.'' The 32-year-old singer welcomed her first child, daughter, River Rose into the world with her music manager husband Brandon Blackstock in June and is already thinking about...
Read more on Celebrity Balla
 
Britney Spears' dad bought video of cheating boyfriend
Britney Spears' father has allegedly bought the video of her boyfriend cheating on her. Jamie Spears, who has controlled the singer's personal and professional affairs since her breakdown in 2008, reportedly forked out...
Read more on Celebrity Balla
 
Britain raises terror threat level
London, Aug 29 (IANS) British Home Secretary Theresa May Friday announced that Britain's Joint Terrorism Analysis Centre (JTAC) has changed the country's threat level from international terrorism from "substantial" to...
Read more on Politics Balla
 
Jason Segel: mum hated my nude scene
Jason Segel's mum hated his nude scene in 'Forgetting Sarah Marshall'. The 34-year-old actor has revealed that his mother failed to laugh when she first watched the scene where Jason gets naked in front of co-star...
Read more on Movie Balla
 
Filming resumes for Star Wars Episode VII
Filming for 'Star Wars Episode VII' has resumed following Harrison Ford's recovery from injury. The Hollywood icon suffered an accident on set earlier this month, which meant he had to undergo surgery on his leg and led...
Read more on Movie Balla
 
India seeks Kuwait's help over arrested Indians
New Delhi, Aug 29 (IANS) India has sought Kuwait's assistance over the arrest of some Indian nationals following a brawl in that Gulf nation. "I understand that there was a brawl with nationals of some other countries...
Read more on Politics Balla