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MAG Silver (MAG.CA) Shares Cross Above 200 DMA
Wednesday, December 20, 3:45 PM ET, by Market News Video Staff

In trading on Wednesday, shares of MAG Silver Corp (MAG.CA) crossed above their 200 day ...

MAG Silver Enters Oversold Territory (MAG.CA)
Wednesday, February 7, 12:09 PM ET, by Market News Video Staff

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

MAG.CA Crosses Below Key Moving Average Level
Thursday, July 5, 10:47 AM ET, by Market News Video Staff

In trading on Thursday, shares of MAG Silver Corp (MAG.CA) crossed below their 200 day ...

RSI Alert: MAG Silver (MAG.CA) Now Oversold
Wednesday, July 11, 11:56 AM ET, by Market News Video Staff

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

RSI Alert: MAG Silver (MAG.CA) Now Oversold

By Canada Stock Channel Staff, Wednesday, July 11, 11:56 AM ET
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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 MAG Silver Corp (TSE:MAG.CA) entered into oversold territory, hitting an RSI reading of 26.9, after changing hands as low as $13.30 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 57.3. A bullish investor could look at MAG.CA's 26.9 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 MAG.CA shares:

MAG Silver Corp 1 Year Performance Chart

Looking at the chart above, MAG.CA's low point in its 52 week range is $11.71 per share, with $17.27 as the 52 week high point that compares with a last trade of $13.33. Find out what 9 other oversold stocks you need to know about


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