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|OKE October 27th Options Begin Trading
Thursday, September 7, 10:48 AM ET, by Market News Video Staff
Investors in ONEOK Inc (OKE) saw new options begin trading today, for the October 27th ...
IWN, IDA, WGL, POR: Large Outflows Detected at ETF
Friday, September 8, 11:08 AM ET, by Market News Video Staff
Symbols mentioned in this story: IWN, IDA, WGL, POR Exchange traded funds (ETFs) trade just ...
OKE January 2020 Options Begin Trading
Monday, September 11, 10:57 AM ET, by Market News Video Staff
Investors in ONEOK Inc (OKE) saw new options become available today, for the January 2020 ...
WGL Holdings Stock Sees Short Interest Expand By 36.6%
Wednesday, September 13, 1:32 PM ET, by Market News Video Staff
The most recent short interest data has been released for the 08/31/2017 settlement date, which ...
ONEOK Becomes #189 Most Shorted S&P 500 Component, Replacing Nike
Wednesday, September 13, 2:09 PM ET, by Market News Video Staff
The most recent short interest data has been released for the 08/31/2017 settlement date, and ...
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.
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