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:

Ex-Div Reminder for Laurentian Bank of Canada (LB.CA)
Monday, June 27, 9:54 AM ET, by Market News Video Staff

On 6/29/16, Laurentian Bank of Canada (LB.CA) will trade ex-dividend, for its quarterly dividend of ...

LB.CA Makes Notable Cross Below Critical Moving Average
Monday, June 27, 10:50 AM ET, by Market News Video Staff

In trading on Monday, shares of Laurentian Bank of Canada (LB.CA) crossed below their 200 ...

LB.CA's Strong Dividend History Helps Get It To The Top 25
Thursday, June 30, 7:51 AM ET, by Market News Video Staff

Laurentian Bank of Canada (LB.CA) has been named as a Top 25 dividend stock, according ...

LB.CA Crosses Below Key Moving Average Level
Wednesday, August 31, 10:50 AM ET, by Market News Video Staff

In trading on Wednesday, shares of Laurentian Bank of Canada (LB.CA) crossed below their 200 ...

LB.CA Ex-Dividend Reminder - 9/29/16
Tuesday, September 27, 10:35 AM ET, by Market News Video Staff

On 9/29/16, Laurentian Bank of Canada (LB.CA) will trade ex-dividend, for its quarterly dividend of ...

  More articles:  1 2 next »

Laurentian Bank of Canada is Now Oversold (LB.CA)

By Canada Stock Channel Staff, Tuesday, December 5, 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 Tuesday, shares of Laurentian Bank of Canada (TSE:LB.CA) entered into oversold territory, hitting an RSI reading of 26.8, after changing hands as low as $55.76 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 50.2. A bullish investor could look at LB.CA's 26.8 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 LB.CA shares:

Laurentian Bank of Canada 1 Year Performance Chart

Looking at the chart above, LB.CA's low point in its 52 week range is $51.57 per share, with $62.90 as the 52 week high point that compares with a last trade of $56.00. 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   Relative   Seven   Special   Strength   ValueForum   Warren   analysis   below   bullish   called   changing   chart   comparison   entered   entry   falls   fearful   greedy   heavy   income   into   investing   investor   know   level   look   others   oversold   point   range   reading   selling   share   shares   sign   stock   technical   territory   that   trading   week   what   when   which   with   zero

Laurentian Bank of Canada is Now Oversold (LB.CA) | www.CanadaStockChannel.com | Copyright © 2011 - 2018, 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.