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Relative Strength Alert For Torex Gold Resources (TXG.CA)
Tuesday, June 20, 11:44 AM ET, by Market News Video Staff

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

Analyst Favorites: Torex Gold Resources Ranks As a Top Metals Pick
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A study of analyst recommendations at the major brokerages shows that Torex Gold Resources Inc ...

Torex Gold Resources Shares Cross Below 200 DMA
Wednesday, August 2, 10:50 AM ET, by Market News Video Staff

In trading on Wednesday, shares of Torex Gold Resources Inc (TXG.CA) crossed below their 200 ...

Torex Gold Resources Becomes Oversold
Wednesday, August 9, 4:07 PM ET, by Market News Video Staff

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

TXG.CA Makes Bullish Cross Above Critical Moving Average
Monday, March 4, 10:52 AM ET, by Market News Video Staff

In trading on Monday, shares of Torex Gold Resources Inc (TXG.CA) crossed above their 200 ...

Torex Gold Resources Becomes Oversold (TXG.CA)

By Canada Stock Channel Staff, Monday, April 25, 12:05 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 Monday, shares of Torex Gold Resources Inc (TSE:TXG.CA) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $13.85 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 27.7. A bullish investor could look at TXG.CA's 29.3 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 TXG.CA shares:

Torex Gold Resources Inc 1 Year Performance Chart

Looking at the chart above, TXG.CA's low point in its 52 week range is $11.79 per share, with $18.72 as the 52 week high point — that compares with a last trade of $13.86. Find out what 9 other oversold stocks you need to know about »


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