Canada Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock message boards
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Painted Pony Petroleum Becomes Oversold (PPY.CA)
Wednesday, October 28, 12:03 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

RSI Alert: Painted Pony Petroleum (PPY.CA) Now Oversold
Friday, December 4, 4:28 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Oversold Conditions For Painted Pony Petroleum (PPY.CA)
Wednesday, January 18, 4:26 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Painted Pony Petroleum Enters Oversold Territory (PPY.CA)
Tuesday, March 7, 4:28 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Oversold Conditions For Painted Pony Petroleum (PPY.CA)
Thursday, April 20, 4:25 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Oversold Conditions For Painted Pony Petroleum (PPY.CA)

By Canada Stock Channel Staff, Thursday, April 20, 4:25 PM ET
Play Video: Learn About The RSI


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

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 Painted Pony Petroleum Ltd (TSE:PPY.CA) entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $4.93 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 50.4. A bullish investor could look at PPY.CA's 29.0 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 PPY.CA shares:

Painted Pony Petroleum Ltd 1 Year Performance Chart

Looking at the chart above, PPY.CA's low point in its 52 week range is $4.67 per share, with $10.50 as the 52 week high point that compares with a last trade of $4.94. Find out what 9 other oversold stocks you need to know about


Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.


This Article's Word Cloud:   Buffett   Days   Index   Looking   Painted   Pony   Relative   Seven   Special   Strength   ValueForum   Warren   analysis   below   bullish   changing   chart   comparison   entered   entry   falls   fearful   greedy   heavy   income   into   investor   know   level   look   others   oversold   point   range   reading   selling   share   shares   sign   stock   technical   territory   that   trading   week   what   when   which   with   zero

Oversold Conditions For Painted Pony Petroleum (PPY.CA) | www.CanadaStockChannel.com | Copyright © 2011 - 2017, All Rights Reserved

Nothing in Canada Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Canada Stock Channel; Meet Our Editorial Staff.