In trading on Thursday, shares of Hafnia Limitedhares (Symbol: HAFN) entered into oversold territory, hitting an RSI reading of 19.1, after changing hands as low as $4.1501 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 47.4. A bullish investor could look at HAFN's 19.1 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 HAFN shares:
Looking at the chart above, HAFN's low point in its 52 week range is $4.1401 per share, with $8.99 as the 52 week high point — that compares with a last trade of $4.15.
Find out what 9 other oversold stocks you need to know about »
Also see:
Top Ten Hedge Funds Holding REPR IOSP Average Annual Return
SCHA Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
