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|Notable Two Hundred Day Moving Average Cross - NBR
Wednesday, March 22, 11:50 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Nabors Industries Ltd. (NBR) crossed below their 200 day ...
Nabors Industries Stock Getting Very Oversold
Wednesday, March 22, 12:01 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Nabors Industries Ltd. (NBR) entered into oversold territory, changing ...
Nabors Industries (NBR) Passes Through 2% Yield Mark
Monday, March 27, 3:08 PM ET, by Market News Video Staff
In trading on Monday, shares of Nabors Industries Ltd. (NBR) were yielding above the 2% ...
Analysts Predict 18% Upside For The Holdings of IGE
Monday, April 3, 10:29 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Nabors Industries (NBR) Shares Cross Below 200 DMA
Thursday, April 13, 4:07 PM ET, by Market News Video Staff
In trading on Thursday, shares of Nabors Industries Ltd. (NBR) crossed below their 200 day ...
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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