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|Notable ETF Outflow Detected - FXU, TDS, AGR, SCG
Friday, May 12, 10:50 AM ET, by Market News Video Staff
Symbols mentioned in this story: FXU, TDS, AGR, SCG Exchange traded funds (ETFs) trade just ...
Bargain Bin Stocks: FTR Now 22.1% Cheaper Than EVP, Chief Technology Officer Gable's Buy
Monday, May 15, 10:03 AM ET, by Market News Video Staff
There's an old saying on Wall Street about insider buying: there are many possible reasons ...
International Paper Now #239 Largest Company, Surpassing Public Service Enterprise Group
Monday, May 15, 4:36 PM ET, by Market News Video Staff
In the latest look at the underlying components of the S&P 500 ordered by largest ...
Hawaiian Electric Industries (HE) Shares Enter Oversold Territory
Tuesday, May 16, 11:27 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Hawaiian Electric Industries Inc (HE) entered into oversold territory, ...
Wednesday Sector Leaders: Utilities, Consumer Products
Wednesday, May 17, 2:31 PM ET, by Market News Video Staff
The best performing sector as of midday Wednesday is the Utilities sector, higher by 0.5%. ...
NRG Stock Crowded With Sellers
By Energy Stock Channel Staff, Tuesday, October 4, 11:34 AM ET
In trading on Tuesday, shares of NRG Energy Inc (NYSE:NRG) entered into oversold territory, changing hands as low as $18.65 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 NRG Energy Inc, the RSI reading has hit 27.8 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 35.5, the RSI of WTI Crude Oil is at 38.7, and the RSI of Henry Hub Natural Gas is presently 36.7.
A bullish investor could look at NRG's 27.8 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), NRG's low point in its 52 week range is $18.22 per share, with $25.66 as the 52 week high point — that compares with a last trade of $18.94. NRG Energy Inc shares are currently trading off about 5% on the day.
According to the ETF Finder at ETF Channel, NRG makes up 2.27% of the First Trust Utilities AlphaDEX Fund ETF (AMEX:FXU) which is trading lower by about 1.5% on the day Tuesday.
See what other ETFs contain NRG »
See what other stocks are held by FXU »
NRG operates in the Electric Utilities sector, among companies like Public Service Enterprise Group Inc. (NYSE:PEG) which is down about 2.3% today, and PG&E Corp. (NYSE:PCG) trading lower by about 1.5%. Below is a three month price history chart comparing the stock performance of NRG, versus PEG and PCG.
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