Bear Creek Mining Stock Getting Very Oversold
In the case of Bear Creek Mining Corp, the RSI reading has hit 29.4 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 45.4, the RSI of Spot Gold is at 44.0, and the RSI of Spot Silver is presently 41.9.
A bullish investor could look at BCEKF's 29.4 reading 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.
Looking at a chart of one year performance (below), BCEKF's low point in its 52 week range is $1.60 per share, with $3.88 as the 52 week high point — that compares with a last trade of $1.72. Bear Creek Mining Corp shares are currently trading down about 11.3% on the day.