Stock Message Boards
Energy Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door ValueForum.com
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Interesting XOP Put And Call Options For January 2015
Thursday, December 4, 11:58 AM ET, by Market News Video Staff

Investors in SPDR S&P Oil & Gas Exploration & Production ETF (XOP) saw new options ...

Antero Resources (AR) Shares Enter Oversold Territory
Thursday, December 4, 12:18 PM ET, by Market News Video Staff

In trading on Thursday, shares of Antero Resources Corp (AR) entered into oversold territory, changing ...

Thursday Sector Laggards: Energy, Consumer Products
Thursday, December 4, 2:37 PM ET, by Market News Video Staff

The worst performing sector as of midday Thursday is the Energy sector, showing a 0.9% ...

LINE Ex-Dividend Reminder - 12/9/14
Friday, December 5, 10:19 AM ET, by Market News Video Staff

On 12/9/14, Linn Energy LLC (LINE) will trade ex-dividend, for its monthly dividend of $0.2416, ...

ETF Flows Report for 12/05/2014
Friday, December 5, 10:46 AM ET, by Market News Video Staff

.porttr { font-family: Arial; font-size: 12pt; font-weight: bold; height: 24px; } .porttd1 { font-family: Arial; ...

  More articles:  1 2 3 4 5 6 7 next »

Goodrich Petroleum Corp. (GDP) Shares Enter Oversold Territory

By Energy Stock Channel Staff, Monday, October 3, 11:47 AM ET
Play Video: Learn About The RSI


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

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.

Goodrich Petroleum Corp.  1 Year Performance Chart

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.

GDP,NFX,LINE Relative Performance Chart


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:   Call   Channel   Corp   Definition   ETFs   Energy   Exploration   Goodrich   Index   LINE   Monday   NYSE   Petroleum   Production   Relative   Stock   Strength   Trial   asset   below   changing   chart   currently   designed   heavy   history   look   makes   other   oversold   performance   point   portfolio   program   reading   relatively   share   shares   stock   stocks   technical   territory   that   trading   unchanged   week   what   wherever   which   with

Goodrich Petroleum Corp. (GDP) Shares Enter Oversold Territory | www.EnergyStockChannel.com | Copyright © 2010 - 2014, All Rights Reserved

Nothing in Energy Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.