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|Tuesday Sector Laggards: Technology & Communications, Materials
Tuesday, March 10, 2:31 PM ET, by Market News Video Staff
Looking at the sectors faring worst as of midday Tuesday, shares of Technology & Communications ...
Nabors Industries (NBR) Shares Cross 2% Yield Mark
Tuesday, March 10, 3:24 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Nabors Industries Ltd. (NBR) were yielding above the 2% ...
May 15th Options Now Available For Rowan Companies (RDC)
Monday, March 23, 11:39 AM ET, by Market News Video Staff
Investors in Rowan Companies plc (RDC) saw new options begin trading today, for the May ...
Interesting NBR Put And Call Options For May 15th
Monday, March 23, 12:28 PM ET, by Market News Video Staff
Investors in Nabors Industries Ltd. (NBR) saw new options begin trading today, for the May ...
Relative Strength Alert For Rowan Companies
Thursday, March 26, 4:52 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
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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