New World Resources Plc (NWR), the biggest Czech producer of coking coal, rebounded from its lowest in almost three years, leading gains for the country’s stock index.
NWR tumbled 11 percent last week, the most since September 2011, pushing the stock’s 14-day relative strength index to 22 on June 1. Readings lower than 30 suggest in technical analysis an asset may gain. The RSI increased to 27 today.
To contact the reporter on this story: Krystof Chamonikolas in Prague at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com