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Friday, November 09, 2012 7:50:23 AM
DividendChannel.com, Contributor comments, called-out + Comment now
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 Wednesday, shares of NovaGold Resources Inc. (Toronto: NG) entered into oversold territory, hitting an RSI reading of 27.0, after changing hands as low as $4.48 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 41.5. A bullish investor could look at NG’s 27.0 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 NG shares:
Recent NG News
- NOVAGOLD Welcomes Peter Adamek as New Chief Financial Officer • GlobeNewswire Inc. • 06/20/2024 09:05:46 PM
- NOVAGOLD 2024 Second Quarter Financial Results Release, Conference Call and Video Webcast • GlobeNewswire Inc. • 06/13/2024 09:05:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 02:59:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 02:58:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 02:57:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 02:56:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 02:55:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 02:54:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 02:52:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 02:51:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 09:05:20 PM
- NOVAGOLD Announces Election of Directors and Voting Results from 2024 Virtual Annual General Meeting of Shareholders • GlobeNewswire Inc. • 05/21/2024 09:05:00 PM
- NOVAGOLD Announces Date of its 2024 Virtual Annual General Meeting of Shareholders • GlobeNewswire Inc. • 04/25/2024 09:10:29 PM
- NOVAGOLD Releases 2023 Sustainability Report • GlobeNewswire Inc. • 04/18/2024 09:20:00 PM
- NOVAGOLD Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 04/03/2024 09:16:25 PM
- NOVAGOLD 2024 First Quarter Financial Results Release, Conference Call and Video Webcast • GlobeNewswire Inc. • 03/18/2024 09:05:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 06:44:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 06:42:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 06:41:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 06:40:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 06:39:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 06:38:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 06:37:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 06:36:17 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 10:07:52 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM