Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|UPL Stock Crowded With Sellers
Wednesday, June 24, 12:19 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Ultra Petroleum Corp. (UPL) entered into oversold territory, changing ...
WLL Stock Crowded With Sellers
Tuesday, July 7, 11:50 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Whiting Petroleum Corp (WLL) entered into oversold territory, changing ...
PDS Stock Crowded With Sellers
Tuesday, July 7, 11:52 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Precision Drilling Corp. (PDS) entered into oversold territory, changing ...
March 2016 Options Now Available For Ultra Petroleum (UPL)
Monday, July 20, 12:30 PM ET, by Market News Video Staff
Investors in Ultra Petroleum Corp. (UPL) saw new options begin trading today, for the March ...
Whiting Petroleum Stock Getting Very Oversold
Thursday, July 30, 11:53 AM ET, by Market News Video Staff
In trading on Thursday, shares of Whiting Petroleum Corp (WLL) entered into oversold territory, changing ...
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.
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: