Magna International Inc. is now in Oversold Territory

Zacks

Magna International Inc.’s (MGA) share price has entered into oversold territory with an RSI value of 26.2. The Zacks Consensus Estimate on Telenav Inc.’s earnings for the full year period has profit of 0.19 cents over the past two months to $6.39 per share. Currently, Magna International Inc. is a Zacks #2 Rank (“Buy”), suggesting that now might be a good time to get in on (MGA) after its recent drop.



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