Stock Message Boards
Energy Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door ValueForum.com
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Bullish Two Hundred Day Moving Average Cross - UPL
Monday, November 25, 4:08 PM ET, by Market News Video Staff

In trading on Monday, shares of Ultra Petroleum Corp. (UPL) crossed above their 200 day ...

PDS Stock Crowded With Sellers
Thursday, December 5, 11:24 AM ET, by Market News Video Staff

In trading on Thursday, shares of Precision Drilling Corp. (PDS) entered into oversold territory, changing ...

Ultra Petroleum Corp. (UPL) Shares Cross Above 200 DMA
Thursday, December 19, 4:08 PM ET, by Market News Video Staff

In trading on Thursday, shares of Ultra Petroleum Corp. (UPL) crossed above their 200 day ...

Interesting UPL Put And Call Options For February 2014
Tuesday, December 24, 10:59 AM ET, by Market News Video Staff

Investors in Ultra Petroleum Corp. (UPL) saw new options become available this week, for the ...

Interesting PDS Put And Call Options For February 2014
Tuesday, December 24, 11:09 AM ET, by Market News Video Staff

Investors in Precision Drilling Corp. (PDS) saw new options become available this week, for the ...

  More articles:  1 2 3 4 5 6 7 next »

PDS Crosses Critical Technical Indicator

By Energy Stock Channel Staff, Friday, September 23, 3:53 PM ET
Play Video: Learn About The RSI


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In trading on Friday, shares of Precision Drilling Corp. (NYSE:PDS) entered into oversold territory, changing hands as low as $9.40 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 Precision Drilling Corp., the RSI reading has hit 29.7 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 41.6, the RSI of WTI crude oil is at 38.5, and the RSI of Henry Hub Natural Gas is presently 35.7.

A bullish investor could look at PDS's 29.7 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), PDS's low point in its 52 week range is $6.02 per share, with $18.18 as the 52 week high point that compares with a last trade of $9.46. Precision Drilling Corp. shares are currently trading off about 2.2% on the day.

Precision Drilling Corp. 1 Year Performance Chart

PDS operates in the Oil & Gas Exploration & Production sector, among companies like Whiting Petroleum Corp (NYSE:WLL) which is off about 3.6% today, and Ultra Petroleum Corp. (NYSE:UPL) trading lower by about 2.7%. Below is a three month price history chart comparing the stock performance of PDS, versus WLL and UPL.

PDS,WLL,UPL Relative Performance Chart


Free Trial: ''ETF CHANNEL FLEXIBLE GROWTH INVESTMENT PORTFOLIO''

The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.


This Article's Word Cloud:   Below   Channel   Corp   Definition   Drilling   Earnings   Energy   Friday   Index   Investment   NYSE   Oversold   Petroleum   Portfolio   Precision   Relative   Stock   Strength   What   about   allows   analysis   asset   below   bullish   chart   comparison   completely   currently   designed   growth   look   opportunities   oversold   performance   point   portfolio   reading   scale   share   shares   short   stock   stocks   territory   that   trading   week   which   with

PDS Crosses Critical Technical Indicator | www.EnergyStockChannel.com | Copyright © 2010 - 2014, All Rights Reserved

Nothing in Energy Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.