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|Wednesday Sector Leaders: Financial, Utilities
Wednesday, December 10, 2:38 PM ET, by Market News Video Staff
In afternoon trading on Wednesday, Financial stocks are the best performing sector, losing just 0.7%. ...
Public Service Enterprise Group Becomes #173 Most Shorted S&P 500 Component, Replacing CME Group
Thursday, December 11, 4:51 PM ET, by Market News Video Staff
The most recent short interest data has been released by the NASDAQ for the 11/28/2014 ...
iShares Emerging Markets Infrastructure Getting Very Oversold
Monday, December 15, 11:04 AM ET, by Market News Video Staff
In trading on Monday, shares of the iShares Emerging Markets Infrastructure ETF (EMIF) entered into ...
Korea Electric Power (KEP) Shares Cross Below 200 DMA
Monday, December 15, 4:10 PM ET, by Market News Video Staff
In trading on Monday, shares of Korea Electric Power Corp (KEP) crossed below their 200 ...
UGP Crosses Critical Technical Indicator
Tuesday, December 16, 11:30 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Ultrapar Participacoes S.A. (UGP) entered into oversold territory, changing ...
Korea Electric Power Corp Stock Getting Very Oversold
By Energy Stock Channel Staff, Thursday, September 22, 4:34 PM ET
In trading on Thursday, shares of Korea Electric Power Corp (NYSE:KEP) entered into oversold territory, changing hands as low as $8.55 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.
In the case of Korea Electric Power Corp, the RSI reading has hit 28.2 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 43.8, the RSI of WTI crude oil is at 38.1, and the RSI of Henry Hub Natural Gas is presently 36.1.
A bullish investor could look at KEP's 28.2 reading 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.
Looking at a chart of one year performance (below), KEP's low point in its 52 week range is $8.55 per share, with $15.25 as the 52 week high point — that compares with a last trade of $8.62. Korea Electric Power Corp shares are currently trading off about 7.2% on the day.
According to the ETF Finder at ETF Channel, KEP makes up 3.74% of the iShares S&P Emerging Markets Infrastructure Index Fund ETF (NASDAQ:EMIF) which is trading lower by about 6.2% on the day Thursday.
See what other ETFs contain KEP »
See what other stocks are held by EMIF »
KEP operates in the Electric Utilities sector, among companies like PG&E Corp. (NYSE:PCG) which is up about 0.2% today, and Public Service Enterprise Group Inc. (NYSE:PEG) trading lower by about 2.3%. Below is a three month price history chart comparing the stock performance of KEP, versus PCG and PEG.
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