In the case of Avino Silver & Gold Mines Ltd, the RSI reading has hit 28.8 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 38.7, the RSI of Spot Gold is at 9.3, and the RSI of Spot Silver is presently 15.2. A bullish investor could look at ASM's 28.8 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), ASM's low point in its 52 week range is $1.37 per share, with $11.9883 as the 52 week high point — that compares with a last trade of $5.70. Avino Silver & Gold Mines Ltd shares are currently trading off about 5.8% on the day.
Free Report: Top 8%+ Dividends (paid monthly)
Click here to find out what 9 other oversold metals stocks you need to know about »
Also see:
Large Caps By Top Market Capitalization HOOD Technical Analysis
10 Components Hedge Funds Are Selling
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
