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|Cash Dividend On The Way From Melcor Developments (MRD.CA)
Tuesday, December 12, 9:56 AM ET, by Market News Video Staff
On 12/14/17, Melcor Developments Ltd (MRD.CA) will trade ex-dividend, for its quarterly dividend of $0.13, ...
Melcor Developments Becomes Oversold (MRD.CA)
Friday, February 2, 4:26 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Reminder - Melcor Developments (MRD.CA) Goes Ex-Dividend Soon
Monday, March 12, 10:16 AM ET, by Market News Video Staff
On 3/14/18, Melcor Developments Ltd (MRD.CA) will trade ex-dividend, for its quarterly dividend of $0.13, ...
MRD.CA Crosses Above Key Moving Average Level
Wednesday, May 2, 3:49 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Melcor Developments Ltd (MRD.CA) crossed above their 200 day ...
Melcor Developments Breaks Below 200-Day Moving Average - Notable for MRD.CA
Wednesday, June 6, 3:49 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Melcor Developments Ltd (MRD.CA) crossed below their 200 day ...
Melcor Developments Getting Very Oversold (MRD.CA)
By Canada Stock Channel Staff, Thursday, November 8, 4:17 PM ET
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 Melcor Developments Ltd (TSE:MRD.CA) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $13.34 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 46.6. A bullish investor could look at MRD.CA's 29.7 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 MRD.CA shares:
Looking at the chart above, MRD.CA's low point in its 52 week range is $13.34 per share, with $15.95 as the 52 week high point — that compares with a last trade of $13.40. Find out what 9 other oversold stocks you need to know about »
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