Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|RDC January 2015 Options Begin Trading
Monday, May 19, 11:12 AM ET, by Market News Video Staff
Investors in Rowan Companies plc (RDC) saw new options begin trading today, for the January ...
RDC Stock Crowded With Sellers
Tuesday, May 20, 3:56 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Rowan Companies plc (RDC) entered into oversold territory, changing ...
Wednesday Sector Leaders: Energy, Services
Wednesday, May 21, 2:55 PM ET, by Market News Video Staff
Looking at the sectors faring best as of midday Wednesday, shares of Energy companies are ...
Petrobras Argentina (PZE) Shares Cross Below 200 DMA
Wednesday, May 21, 4:04 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Petrobras Argentina SA (PZE) crossed below their 200 day ...
Wesco International Larger Than S&P 500 Component Rowan Companies
Wednesday, May 21, 4:39 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Wesco ...
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.
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: