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|Core Laboratories (CLB) Shares Cross Above 200 DMA
Tuesday, April 12, 4:10 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Core Laboratories N.V. (CLB) crossed above their 200 day ...
Analysts Expect 20% Upside For The Holdings of ZMLP
Thursday, April 14, 9:36 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Scorpio Tankers (STNG) Passes Through 8% Yield Mark
Thursday, April 14, 3:30 PM ET, by Market News Video Staff
In trading on Thursday, shares of Scorpio Tankers Inc. (STNG) were yielding above the 8% ...
Bullish Two Hundred Day Moving Average Cross - CKH
Monday, April 18, 3:59 PM ET, by Market News Video Staff
In trading on Monday, shares of SEACOR Holdings Inc (CKH) crossed above their 200 day ...
Williams Partners Breaks Above 200-Day Moving Average - Bullish for WPZ
Wednesday, April 27, 11:26 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Williams Partners LP (WPZ) crossed above their 200 day ...
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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