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|Noteworthy Thursday Option Activity: SNAK, LE, NBR
Thursday, May 4, 3:27 PM ET, by Market News Video Staff
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
Top Buys by Top Brass: Chief Financial Officer Restrepo's $207.5K Bet on NBR
Tuesday, May 9, 10:21 AM ET, by Market News Video Staff
A company's own top management tend to have the best inside view into the business, ...
Grab This Bargain Energy Stock Even Cheaper Than Chief Financial Officer Restrepo Did
Thursday, May 18, 10:23 AM ET, by Market News Video Staff
There's an old saying on Wall Street about insider buying: there are many possible reasons ...
NBR July 21st Options Begin Trading
Monday, May 22, 11:04 AM ET, by Market News Video Staff
Investors in Nabors Industries Ltd. (NBR) saw new options begin trading today, for the July ...
Noteworthy Thursday Option Activity: NBR, FRED, SBNY
Thursday, May 25, 3:33 PM ET, by Market News Video Staff
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
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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