 |
 |
 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Shares of WFT Now OversoldBy 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 » 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.
Free Trial: ''ETF CHANNEL FLEXIBLE GROWTH INVESTMENT PORTFOLIO'' The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us. Relevant Stock Market Definitions Exchange Traded Fund Definition, The Importance of ETFs, Dow Jones Industrial Average Definition, Margin Call Definition, Short Sale Definition, Price-To-Earnings Definition, Relative Strength Index Definition
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
Channel
Definition
ETFs
Energy
Index
International
Investment
NYSE
Oversold
Portfolio
Relative
Services
Stock
Strength
Weatherford
Wednesday
about
allows
analysis
asset
below
bullish
chart
classes
completely
considered
countries
currently
designed
look
lower
opportunities
other
oversold
performance
point
portfolio
reading
share
shares
short
stock
stocks
territory
that
trading
week
what
which
with
|
Now Playing:
Learn About The RSI
Start slideshow: