Ex-Div Reminder for Idacorp, Inc. (IDA) Thursday, January 31, 11:04 AM ET, by Market News Video Staff On 2/4/13, Idacorp, Inc. (IDA) will trade ex-dividend, for its quarterly dividend of $0.38, payable ...
In trading on Wednesday, shares of Calpine Corp (NYSE:CPN) entered into oversold territory, changing hands as low as $16.26 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
A bullish investor could look at CPN's 29.9 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), CPN's low point in its 52 week range is $12.70 per share, with $19.03 as the 52 week high point — that compares with a last trade of $16.29. Calpine Corp shares are currently trading down about 0.8% on the day.
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