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|Archrock About To Put More Money In Your Pocket (AROC)
Thursday, February 2, 10:12 AM ET, by Market News Video Staff
On 2/6/17, Archrock Inc (AROC) will trade ex-dividend, for its quarterly dividend of $0.12, payable ...
Weatherford International (WFT) Shares Cross Above 200 DMA
Thursday, February 2, 11:19 AM ET, by Market News Video Staff
In trading on Thursday, shares of Weatherford International plc (WFT) crossed above their 200 day ...
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Monday, February 6, 7:36 AM ET, by Market News Video Staff
Williams Partners LP (WPZ) has been named as a Top 25 dividend stock, according the ...
Land This Cheap Energy Stock Even Lower Than Director Straughen Did
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Tuesday, February 7, 9:04 AM ET, by Market News Video Staff
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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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