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:

December 15th Options Now Available For Oceaneering International (OII)
Monday, October 23, 11:54 AM ET, by Market News Video Staff

Investors in Oceaneering International, Inc. (OII) saw new options begin trading today, for the December ...

Short Interest In Oceaneering International Moves 54.7% Higher
Wednesday, October 25, 1:26 PM ET, by Market News Video Staff

The most recent short interest data has been released for the 10/13/2017 settlement date, which ...

Oceaneering International Becomes Oversold (OII)
Wednesday, October 25, 4:19 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Surprising Analyst 12-Month Target For PXJ
Monday, October 30, 8:27 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Bullish Two Hundred Day Moving Average Cross - CLB
Monday, November 6, 11:38 AM ET, by Market News Video Staff

In trading on Monday, shares of Core Laboratories N.V. (CLB) 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
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 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.

Lufkin Industries, Inc. 1 Year Performance Chart

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.

LUFK,OII,CLB 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:   According   Below   Channel   Core   Crude   ETFs   Energy   Equipment   Finder   Flexible   Free   Growth   Henry   Index   Industries   International   Investment   LUFK   Laboratories   Looking   Lufkin   Monday   NYSE   Natural   PSCE   Portfolio   about   asset   below   chart   currently   designed   look   other   oversold   performance   point   portfolio   reading   share   shares   stock   stocks   territory   that   trading   week   what   which   with

Lufkin Industries, Inc. (LUFK) Shares Enter Oversold Territory | www.EnergyStockChannel.com | Copyright © 2010 - 2018, 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.