Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Why Piedmont Natural Gas is a Top Socially Responsible Dividend Stock (PNY)
Thursday, June 26, 9:16 AM ET, by Market News Video Staff
Piedmont Natural Gas Co., Inc. (PNY) has been named a Top Socially Responsible Dividend Stock ...
Ameren Corp. (AEE) Shares Cross 4% Yield Mark
Wednesday, July 2, 3:16 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Ameren Corp. (AEE) were yielding above the 4% mark ...
Guggenheim S&P 500 Equal Weight Utilities ETF Experiences Big Outflow
Thursday, July 3, 10:55 AM ET, by Market News Video Staff
Symbols mentioned in this story: RYU, AES, AEE, TE Exchange traded funds (ETFs) trade just ...
WGL Added as Top 10 Utility Dividend Stock With 4.20% Yield
Monday, July 7, 9:40 AM ET, by Market News Video Staff
WGL Holdings, Inc. (WGL) has been named as a Top 10 dividend paying utility stock, ...
Ex-Dividend Reminder: Darden Restaurants, OGE Energy Corp. and WGL Holdings
Monday, July 7, 10:04 AM ET, by Market News Video Staff
On 7/8/14, Darden Restaurants, Inc. (DRI), OGE Energy Corp.. ...
Oneok Inc. Stock Getting Very Overbought
By Energy Stock Channel Staff, Thursday, October 27, 11:52 AM ET
In trading on Thursday, shares of Oneok Inc. (NYSE:OKE) entered into overbought territory, changing hands as high as $76.30 per share. We define overbought 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 overbought if the RSI reading rises above 70.
In the case of Oneok Inc., the RSI reading has hit 71.6 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 60.0, the RSI of WTI Crude Oil is at 60.6, and the RSI of Henry Hub Natural Gas is presently 40.8.
A bearish investor could look at OKE's 71.6 reading as a sign that the recent heavy buying is in the process of exhausting itself, and shares are due for a pullback.
Looking at a chart of one year performance (below), OKE's low point in its 52 week range is $49.29 per share, with $76.30 as the 52 week high point — that compares with a last trade of $75.97. Oneok Inc. shares are currently trading up about 1.9% on the day.
According to the ETF Finder at ETF Channel, OKE makes up 3.77% of the Rydex S&P 500 Equal Weight Utilities ETF (AMEX:RYU) which is trading relatively unchanged on the day Thursday.
See what other ETFs contain OKE »
See what other stocks are held by RYU »
OKE operates in the Gas Utilities sector, among companies like WGL Holdings, Inc. (NYSE:WGL) which is up about 2.8% today, and Piedmont Natural Gas Co., Inc. (NYSE:PNY) trading higher by about 3.6%. Below is a three month price history chart comparing the stock performance of OKE, versus WGL and PNY.
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: