Corus Entertainment Inc. T.CJR.B

Alternate Symbol(s): CJREF

Communication Services

Corus Entertainment Inc. is a Canada-based diversified, integrated media and content company that develops and delivers brands and content across platforms. The Company operates in two segments: Television and Radio. The Television segment is comprised of over 33 television networks, approximately 15 conventional television stations, digital media assets, a social digital agency, a social media creator network, technology and media services, and content business, which includes the production and distribution of films and television programs, merchandise licensing, and book publishing. The Radio segment is comprised of around 39 radio stations situated primarily in high-growth urban centres in English Canada, with a concentration in the densely populated area of Southern Ontario. The Company's primary method of distribution is over-the-air, analogue radio transmission, with additional delivery platforms including HD radio, websites, mobile applications and podcasts.

TSX:CJR.B - Post by User

Corus Entertainment Inc.

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Post by kanelos123on Jan 31, 2018 10:08pm

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Post# 27476220

Oversold Conditions For Corus Entertainment (CJR.B.CA)

One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Wednesday, shares of Corus Entertainment Inc (TSE:CJR.B.CA) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $8.41 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 31.4. A bullish investor could look at CJR.B.CA's 28.4 RSI reading today 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.

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