Down -19.65% in 4 Weeks, Here's Why Gerdau (GGB) Looks Ripe for a Turnaround [Yahoo! Finance]
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Gerdau S.A. (GGB)
US:NYSE Investor Relations:
ri.gerdau.com/?idioma=enu
Company Research
Source: Yahoo! Finance
the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. Here is How to Spot Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal. So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable re
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News
- Are Investors Undervaluing Gerdau (GGB) Right Now? [Yahoo! Finance]Yahoo! Finance
- 3 Solid Steel Stocks to Bet on Despite the Slump in Prices [Yahoo! Finance]Yahoo! Finance
- Is Gerdau (GGB) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Is The Options Market Predicting a Spike In Gerdau (GGB) Stock? [Yahoo! Finance]Yahoo! Finance
- Gerdau S.A. (NYSE: GGB) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $5.00 price target on the stock, up previously from $4.50.MarketBeat
GGB
Sec Filings
- 6/7/24 - Form 6-K
- 5/31/24 - Form 6-K
- 5/31/24 - Form SD
- GGB's page on the SEC website