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Analyst Favorites: Wesdome Gold Mines Ranks As a Top Metals Pick
Monday, August 17, 11:45 AM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that Wesdome Gold Mines Ltd ...

Analyst Favorites: Wesdome Gold Mines Ranks As a Top Metals Pick
Monday, November 2, 11:49 AM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that Wesdome Gold Mines Ltd ...

Relative Strength Alert For Wesdome Gold Mines (WDO.CA)
Monday, November 16, 4:32 PM ET, by Market News Video Staff

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

Relative Strength Alert For Wesdome Gold Mines (WDO.CA)
Thursday, February 18, 12:01 PM ET, by Market News Video Staff

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

Bullish Two Hundred Day Moving Average Cross - WDO.CA
Wednesday, May 19, 3:52 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Wesdome Gold Mines Ltd (WDO.CA) crossed above their 200 ...

Relative Strength Alert For Wesdome Gold Mines (WDO.CA)

By Canada Stock Channel Staff, Thursday, February 18, 12:01 PM 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 Thursday, shares of Wesdome Gold Mines Ltd (TSE:WDO.CA) entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $8.54 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 60.5. A bullish investor could look at WDO.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 WDO.CA shares:

Wesdome Gold Mines Ltd 1 Year Performance Chart

Looking at the chart above, WDO.CA's low point in its 52 week range is $5.85 per share, with $15 as the 52 week high point — that compares with a last trade of $8.56. Find out what 9 other oversold stocks you need to know about »


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