Dolly Varden Silver (DVS) Shares Enter Oversold Territory

In trading on Monday, shares of Dolly Varden Silver Corp (Symbol: DVS) entered into oversold territory, changing hands as low as $3.74 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.

Looking at a chart of one year performance (below), DVS's low point in its 52 week range is $0.6171 per share, with $5.9261 as the 52 week high point - that compares with a last trade of $3.79. Dolly Varden Silver Corp shares are currently trading off about 2.1% on the day.

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