In the case of Centrus Energy Corp, the RSI reading has hit 29.0 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 55.4, the RSI of Spot Gold is at 8.2, and the RSI of Spot Silver is presently 18.9. A bullish investor could look at LEU's 29.0 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), LEU's low point in its 52 week range is $49.4001 per share, with $464.25 as the 52 week high point — that compares with a last trade of $236.97. Centrus Energy Corp shares are currently trading down about 5.3% on the day.
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Also see:
Institutional Holders of CEN HALL Options Chain
Funds Holding GSEP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
