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|Thursday Sector Laggards: Utilities, Technology & Communications
Thursday, December 21, 2:41 PM ET, by Market News Video Staff
The worst performing sector as of midday Thursday is the Utilities sector, showing a 1.0% ...
Why PG&E Is a Top 10 Utility Dividend Stock (PCG)
Friday, December 22, 8:02 AM ET, by Market News Video Staff
PG&E Corp (PCG) has been named as a Top 10 dividend paying utility stock, according ...
PCG September 21st Options Begin Trading
Thursday, January 4, 10:35 AM ET, by Market News Video Staff
Investors in PG&E Corp (PCG) saw new options begin trading today, for the September 21st ...
Public Service Enterprise Group (PEG) Shares Enter Oversold Territory
Thursday, January 4, 11:42 AM ET, by Market News Video Staff
In trading on Thursday, shares of Public Service Enterprise Group Inc (PEG) entered into oversold ...
Thursday Sector Laggards: Services, Utilities
Thursday, January 4, 3:12 PM ET, by Market News Video Staff
Looking at the sectors faring worst as of midday Thursday, shares of Services companies are ...
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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