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|Transocean Partners LLC: A 27.9% Better Bargain Than When Lynch-Bell Bought
Tuesday, February 16, 10:49 AM ET, by Market News Video Staff
There's an old saying on Wall Street about insider buying: there are many possible reasons ...
Transocean Partners Goes Ex-Dividend Soon
Tuesday, February 16, 11:18 AM ET, by Market News Video Staff
On 2/18/16, Transocean Partners LLC (RIGP) will trade ex-dividend, for its quarterly dividend of $0.3625, ...
OIH, HAL, BHI, CAM: ETF Inflow Alert
Thursday, February 18, 10:50 AM ET, by Market News Video Staff
Symbols mentioned in this story: OIH, HAL, BHI, CAM Exchange traded funds (ETFs) trade just ...
First Week of April 15th Options Trading For Williams Partners (WPZ)
Wednesday, February 24, 10:55 AM ET, by Market News Video Staff
Investors in Williams Partners LP (WPZ) saw new options begin trading this week, for the ...
WFT April 8th Options Begin Trading
Thursday, February 25, 11:44 AM ET, by Market News Video Staff
Investors in Weatherford International plc (WFT) saw new options begin trading today, for the April ...
Shares of WFT Now Oversold
By Energy Stock Channel Staff, Wednesday, September 28, 3:52 PM ET
In trading on Wednesday, shares of Weatherford International, Ltd. (NYSE:WFT) entered into oversold territory, changing hands as low as $12.81 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 Weatherford International, Ltd., the RSI reading has hit 29.1 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 43.1, the RSI of WTI Crude Oil is at 40.3, and the RSI of Henry Hub Natural Gas is presently 40.8.
A bullish investor could look at WFT's 29.1 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), WFT's low point in its 52 week range is $12.62 per share, with $28.11 as the 52 week high point — that compares with a last trade of $12.85. Weatherford International, Ltd. shares are currently trading down about 4.7% on the day.
According to the ETF Finder at ETF Channel, WFT makes up 4.97% of the Dynamic Oil & Gas Services Portfolio ETF (AMEX:PXJ) which is trading lower by about 4.2% on the day Wednesday.
See what other ETFs contain WFT »
See what other stocks are held by PXJ »
WFT operates in the Oil & Gas Equipment & Services sector, among companies like Cameron International Corp (NYSE:CAM) which is off about 3.8% today, and Williams Partners L.P. (NYSE:WPZ) trading lower by about 0.9%. Below is a three month price history chart comparing the stock performance of WFT, versus CAM and WPZ.
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