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|Noteworthy ETF Inflows: OIH, HAL, BHI, CAM
Friday, September 25, 11:29 AM ET, by Market News Video Staff
Symbols mentioned in this story: OIH, HAL, BHI, CAM Exchange traded funds (ETFs) trade just ...
Exterran Holdings Stock Getting Very Oversold
Friday, September 25, 3:53 PM ET, by Market News Video Staff
In trading on Friday, shares of Exterran Holdings Inc (EXH) entered into oversold territory, changing ...
Williams Partners Stock Getting Very Oversold
Monday, September 28, 11:24 AM ET, by Market News Video Staff
In trading on Monday, shares of Williams Partners LP (WPZ) entered into oversold territory, changing ...
Top Buys by Top Brass: Vice President & Controller Helm's $188.1K Bet on HP
Monday, September 28, 12:19 PM ET, by Market News Video Staff
A company's own top management tend to have the best inside view into the business, ...
Grab This Bargain Energy Stock With 5.8% Yield Even Cheaper Than Vice President & Controller Helm Did
Wednesday, September 30, 3:15 PM ET, by Market News Video Staff
There's an old saying on Wall Street about insider buying: there are many possible reasons ...
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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