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|Notable ETF Outflow Detected - MDY, LKQ, HSIC, OII
Friday, November 1, 10:47 AM ET, by Market News Video Staff
Symbols mentioned in this story: MDY, LKQ, HSIC, OII Exchange traded funds (ETFs) trade just ...
Shares of HOS Now Oversold
Friday, November 1, 11:25 AM ET, by Market News Video Staff
In trading on Friday, shares of Hornbeck Offshore Services Inc (HOS) entered into oversold territory, ...
Reminder - Gulf Island Fabrication, Inc. (GIFI) Goes Ex-Dividend Soon
Tuesday, November 5, 10:30 AM ET, by Market News Video Staff
On 11/7/13, Gulf Island Fabrication, Inc. (GIFI) will trade ex-dividend, for its quarterly dividend of ...
Use Options For a Chance To Buy PDCE at a 23% Discount
Tuesday, November 5, 11:41 AM ET, by Market News Video Staff
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PetroQuest Energy Inc Breaks Below 200-Day Moving Average - Notable for PQ
Wednesday, November 6, 10:54 AM ET, by Market News Video Staff
In trading on Wednesday, shares of PetroQuest Energy Inc (PQ) crossed below 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.
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