Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Strong Insider Buying Reported in XOP Holdings
Friday, March 6, 9:54 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the SPDR S&P Oil & Gas Exploration ...
Cash Dividend On The Way From Linn Energy
Friday, March 6, 10:09 AM ET, by Market News Video Staff
On 3/10/15, Linn Energy LLC (LINE) will trade ex-dividend, for its monthly dividend of $0.1042, ...
Use Options For a Chance To Buy OAS at a 53% Discount
Monday, March 9, 11:44 AM ET, by Market News Video Staff
Looking back to 5 days ago, Oasis Petroleum Inc. (OAS) priced a 32,000,000 share secondary ...
Goodrich Petroleum Series C Cumulative Preferred Stock Ex-Dividend Reminder
Monday, March 9, 1:41 PM ET, by Market News Video Staff
On 3/11/15, Goodrich Petroleum Corp.'s 10.00% Series C Cumulative Preferred Stock (GDP.PRC) will trade ex-dividend, ...
Booz Allen Hamilton Holding Larger Than S&P 500 Component Newfield Exploration
Tuesday, March 10, 4:41 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Booz ...
Goodrich Petroleum Corp. (GDP) Shares Enter Oversold Territory
By Energy Stock Channel Staff, Monday, October 3, 11:47 AM ET
In trading on Monday, shares of Goodrich Petroleum Corp. (NYSE:GDP) entered into oversold territory, changing hands as low as $11.15 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 Goodrich Petroleum Corp. , the RSI reading has hit 29.8 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 38.3, the RSI of WTI Crude Oil is at 39.7, and the RSI of Henry Hub Natural Gas is presently 36.4.
A bullish investor could look at GDP's 29.8 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), GDP's low point in its 52 week range is $11.15 per share, with $23.80 as the 52 week high point — that compares with a last trade of $11.22. Goodrich Petroleum Corp. shares are currently trading off about 5.1% on the day.
According to the ETF Finder at ETF Channel, GDP makes up 1.37% of the SPDR S&P Oil & Gas Exploration & Production ETF (AMEX:XOP) which is trading relatively unchanged on the day Monday.
See what other ETFs contain GDP »
See what other stocks are held by XOP »
GDP operates in the Oil & Gas Exploration & Production sector, among companies like Newfield Exploration Co. (NYSE:NFX) which is trading flat today, and Linn Energy LLC (NASDAQ:LINE) trading relatively unchanged. Below is a three month price history chart comparing the stock performance of GDP, versus NFX and LINE.
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.
This Article's Word Cloud: