Canada Stock Channel
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Minto Apartment Real Estate Investment Trust Becomes Oversold (MI.UN.CA)
Wednesday, October 28, 12:05 PM ET, by Market News Video Staff

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

Notable Two Hundred Day Moving Average Cross - Minto Apartment Real Estate Investment Trust
Friday, February 19, 10:49 AM ET, by Market News Video Staff

In trading on Friday, shares of Minto Apartment Real Estate Investment Trust (MI.UN.CA) crossed below ...

Minto Apartment Real Estate Investment Trust Becomes Oversold (MI.UN.CA)
Tuesday, February 23, 12:06 PM ET, by Market News Video Staff

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

Minto Apartment Real Estate Investment Trust Becomes Oversold (MI.UN.CA)

By Canada Stock Channel Staff, Tuesday, February 23, 12:06 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 Minto Apartment Real Estate Investment Trust (TSE:MI.UN.CA) entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $18.37 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 55.3. A bullish investor could look at MI.UN.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 MI.UN.CA shares:

Minto Apartment Real Estate Investment Trust 1 Year Performance Chart

Looking at the chart above, MI.UN.CA's low point in its 52 week range is $15.58 per share, with $28.31 as the 52 week high point — that compares with a last trade of $18.54. Find out what 9 other oversold stocks you need to know about »


Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter


This Article's Word Cloud:   Apartment   Buffett   Channel   Composite   Dividend   Estate   Find   Index   Investment   Legendary   Looking   Minto   Newsletter   Offer   Premium   Real   Receive   Relative   Special   Strength   Trust   Tuesday   Warren   about   above   advises   after   afternoon   analysis   begin   below   best   bullish   called   chart   fearful   greedy   investor   look   others   oversold   point   reading   share   shares   stock   that   week   when   with

Minto Apartment Real Estate Investment Trust Becomes Oversold (MI.UN.CA) | www.CanadaStockChannel.com | Copyright © 2011 - 2021, 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.