Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Insiders Were Right: CLB Makes New 52-Week High
Tuesday, March 18, 1:10 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Core Laboratories N.V. (CLB) touched a new 52-week high ...
Geospace Technologies Corp Stock Getting Very Oversold
Friday, March 21, 3:50 PM ET, by Market News Video Staff
In trading on Friday, shares of Geospace Technologies Corp (GEOS) entered into oversold territory, changing ...
Interesting OII Put And Call Options For May 17th
Tuesday, March 25, 11:33 AM ET, by Market News Video Staff
Investors in Oceaneering International, Inc. (OII) saw new options become available this week, for the ...
Northern Oil & Gas Inc Breaks Above 200-Day Moving Average - Bullish for NOG
Tuesday, March 25, 12:45 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Northern Oil & Gas Inc (NOG) crossed above their ...
Bullish Two Hundred Day Moving Average Cross - NR
Friday, March 28, 11:29 AM ET, by Market News Video Staff
In trading on Friday, shares of Newpark Resources, Inc. (NR) crossed above their 200 day ...
Lufkin Industries, Inc. (LUFK) Shares Enter Oversold Territory
By Energy Stock Channel Staff, Monday, October 3, 4:16 PM ET
In trading on Monday, shares of Lufkin Industries, Inc. (NASDAQ:LUFK) entered into oversold territory, changing hands as low as $47.94 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 Lufkin Industries, Inc., the RSI reading has hit 28.7 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 35.8, the RSI of WTI Crude Oil is at 38.7, and the RSI of Henry Hub Natural Gas is presently 35.2.
A bullish investor could look at LUFK's 28.7 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), LUFK's low point in its 52 week range is $42.63 per share, with $97.05 as the 52 week high point — that compares with a last trade of $48.19. Lufkin Industries, Inc. shares are currently trading down about 9.4% on the day.
According to the ETF Finder at ETF Channel, LUFK makes up 10.06% of the S&P SmallCap Energy Portfolio ETF (NASDAQ:PSCE) which is trading relatively unchanged on the day Monday.
See what other ETFs contain LUFK »
See what other stocks are held by PSCE »
LUFK operates in the Oil & Gas Equipment & Services sector, among companies like Oceaneering International, Inc. (NYSE:OII) which is trading flat today, and Core Laboratories N.V. (NYSE:CLB) trading lower by about 3.3%. Below is a three month price history chart comparing the stock performance of LUFK, versus OII and CLB.
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: