Avino Silver & Gold Mines Stock Getting Very Oversold

In trading on Tuesday, shares of Avino Silver & Gold Mines Ltd. (ASM) entered into oversold territory, changing hands as low as $1.15 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.

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 52.6, the RSI of Spot Gold is at 49.3, and the RSI of Spot Silver is presently 49.7.

START SLIDESHOW:
Click here to find out what 9 other oversold metals stocks you need to know about »

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 $1.08 per share, with $2.55 as the 52 week high point — that compares with a last trade of $1.16. Avino Silver & Gold Mines Ltd. shares are currently trading down about 8.7% on the day.

Avino Silver & Gold Mines Ltd. 1 Year Performance Chart

More from Stocks

Dow Futures Tank as Trade War Fears Grip Wall Street

Dow Futures Tank as Trade War Fears Grip Wall Street

Why GE's Stock Has Fallen 9% in the Last 30 Days

Why GE's Stock Has Fallen 9% in the Last 30 Days

5 Stock Picks Under $10 for Millennials

5 Stock Picks Under $10 for Millennials

3 Complicated Investing Strategies Millennials Love

3 Complicated Investing Strategies Millennials Love

Tyson Foods CEO: We Aren't Done Making Deals

Tyson Foods CEO: We Aren't Done Making Deals