COS.CA Ex-Dividend Reminder - 2/20/13 Tuesday, February 19, 2:21 PM ET, by Market News Video Staff On 2/20/13, Canadian Oil Sands Ltd. (COS.CA) will trade ex-dividend, for its quarterly dividend of ...
In trading on Friday, shares of Enerplus Corp (NYSE:ERF) entered into oversold territory, changing hands as low as $12.72 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 ERF's 20.8 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), ERF's low point in its 52 week range is $11.35 per share, with $28.29 as the 52 week high point — that compares with a last trade of $13.13. Enerplus Corp shares are currently trading down about 12.4% on the day.
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