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|Petrobras Argentina (PZE) Shares Cross Above 200 DMA
Wednesday, February 25, 4:09 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Petrobras Argentina SA (PZE) crossed above their 200 day ...
Steris Moves Up In Market Cap Rank, Passing Nabors Industries
Wednesday, February 25, 4:40 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Steris ...
TreeHouse Foods Larger Than S&P 500 Component Nabors Industries
Thursday, February 26, 4:42 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component TreeHouse ...
Ex-Dividend Reminder: GasLog, Canadian National Railway and Nabors Industries
Wednesday, March 4, 10:11 AM ET, by Market News Video Staff
On 3/6/15, GasLog Ltd (GLOG), Canadian National Railway Co. (CNI), and Nabors Industries Ltd.. ...
RDC Breaks Above 2% Yield Territory
Thursday, March 5, 3:10 PM ET, by Market News Video Staff
In trading on Thursday, shares of Rowan Companies plc (RDC) were yielding above the 2% ...
Shares of PZE Now Oversold
By Energy Stock Channel Staff, Friday, September 30, 11:21 AM ET
In trading on Friday, shares of Petrobras Argentina SA (NYSE:PZE) entered into oversold territory, changing hands as low as $13.53 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 Petrobras Argentina SA, the RSI reading has hit 28.9 — 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 40.5, and the RSI of Henry Hub Natural Gas is presently 40.9.
A bullish investor could look at PZE's 28.9 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), PZE's low point in its 52 week range is $13.53 per share, with $28.61 as the 52 week high point — that compares with a last trade of $13.73. Petrobras Argentina SA shares are currently trading off about 2.3% on the day.
PZE operates in the Oil & Gas Exploration & Production sector, among companies like Nabors Industries Ltd. (NYSE:NBR) which is down about 4.6% today, and Rowan Cos., Inc. (NYSE:RDC) trading lower by about 2.3%. Below is a three month price history chart comparing the stock performance of PZE, versus NBR and RDC.
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