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|JKL, HII, R, UPL: Large Inflows Detected at ETF
Friday, June 20, 11:05 AM ET, by Market News Video Staff
Symbols mentioned in this story: JKL, HII, R, UPL Exchange traded funds (ETFs) trade just ...
First Week of PDS August 16th Options Trading
Tuesday, June 24, 10:58 AM ET, by Market News Video Staff
Investors in Precision Drilling Corp. (PDS) saw new options become available this week, for the ...
Interesting WLL Put And Call Options For August 16th
Friday, June 27, 10:46 AM ET, by Market News Video Staff
Investors in Whiting Petroleum Corp (WLL) saw new options become available this week, for the ...
Ultra Petroleum (UPL) Shares Enter Oversold Territory
Thursday, July 17, 11:24 AM ET, by Market News Video Staff
In trading on Thursday, shares of Ultra Petroleum Corp. (UPL) entered into oversold territory, changing ...
March 2015 Options Now Available For Ultra Petroleum (UPL)
Monday, July 21, 11:16 AM ET, by Market News Video Staff
Investors in Ultra Petroleum Corp. (UPL) saw new options begin trading today, for the March ...
PDS Crosses Critical Technical Indicator
By Energy Stock Channel Staff, Friday, September 23, 3:53 PM ET
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.
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.
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