Forbes: Make a Killing with Killam?

Forbes reports one way to measure the level of fear in a stock is the Relative Strength Indicator (RSI), a technical analysis indicator which measures momentum on a scale of 0 to 100, and anything below 30 translates into a stock being oversold. Tuesday’s trading on the Toronto Stock Exchange (TSX) revealed MHC owner Killam Properties, Inc., (KMP) of Halifax, Nova Scotia, Canada ventured into oversold territory after selling at $11.78 per share, giving it an RSI reading of 27.4. At the current 46.5 reading of the S&P/TSX Composite Index, investors could envision KMP’s low price as a good opportunity to buy shares, since the 52-week range has been from $10.78 to $13.60. As MHProNews knows, with over 50 communities, Killam is one of the largest owners of manufactured housing communities in Canada.

(Photo credit: Killam Properties, Inc.)

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