| Great Western Bancorp (GWB) Is in Oversold Territory: What's Next? | |
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Great Western Bancorp Inc GWB has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at GWB given that, according to its RSI reading of 19.39, it is now in oversold territory. What is RSI? RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present. Other Factors Yet, GWB’s low RSI value isn’t the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. This is especially true when investors take a deep dive into some of these estimate revision stats and recent changes to Great Western Bancorp’s earnings consensus. Over the past two months, investors have seen 2 earnings estimate revisions move higher, compared with just none lower, at least when looking at the key current year time frame. And the consensus estimate for GWB has also been on an upward trend over the past 60 days, as estimates have risen from $2.11/share two months ago to just $2.13/share right now. If this wasn’t enough, Great Western Bancorp also has a Zacks Rank #1 (Strong Buy) which puts it into rare company among its peers. So, given all of these factors, investors may want to consider getting in on this stock now (or holding on), as there are some favorable trends that could bubble up for this stock before long. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GREAT WSTRN BCP (GWB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Great Western Exploration Limited
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CODE : GTE.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Great Western Exploration is a nickel exploration company based in Australia. Great Western Exploration holds various exploration projects in Australia. Its main exploration property is MT GIBB in Australia. Great Western Exploration is listed in Australia. Its market capitalisation is AU$ 33.1 millions as of today (US$ 21.6 millions, € 20.2 millions). Its stock quote reached its highest recent level on April 08, 2011 at AU$ 0.54, and its lowest recent point on May 29, 2020 at AU$ 0.00. Great Western Exploration has 561 200 000 shares outstanding. |