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|Protective Life Corp. Moves Up In Market Cap Rank, Passing Rowan Companies plc
Wednesday, February 26, 4:41 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Protective ...
Rowan Companies plc Becomes #188 Most Shorted S&P 500 Component, Replacing CenterPoint Energy, Inc
Thursday, February 27, 3:54 PM ET, by Market News Video Staff
The most recent short interest data has been released by the NASDAQ for the 02/14/2014 ...
Sonoco Products Co. Larger Than S&P 500 Component Rowan Companies plc
Thursday, February 27, 4:38 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Sonoco ...
Kate Spade & Co Moves Up In Market Cap Rank, Passing Rowan Companies plc
Friday, February 28, 4:43 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Kate ...
Ex-Dividend Reminder: Forward Air Corp, Kronos Worldwide Inc and Nabors Industries Ltd.
Tuesday, March 4, 10:27 AM ET, by Market News Video Staff
On 3/6/14, Forward Air Corp (FWRD), Kronos Worldwide Inc (KRO), and Nabors Industries Ltd. (NBR) ...
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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