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|February 2016 Options Now Available For WGL Holdings (WGL)
Monday, December 21, 12:00 PM ET, by Market News Video Staff
Investors in WGL Holdings, Inc. (WGL) saw new options begin trading today, for the February ...
February 2016 Options Now Available For ONEOK (OKE)
Monday, December 21, 12:04 PM ET, by Market News Video Staff
Investors in ONEOK Inc. (OKE) saw new options become available today, for the February 2016 ...
RenaissanceRe Holdings Larger Than S&P 500 Component ONEOK
Monday, December 21, 4:36 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component RenaissanceRe ...
Liberty Property Trust Larger Than S&P 500 Component ONEOK
Monday, December 21, 4:37 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Liberty ...
Tuesday Sector Leaders: Energy, Services
Tuesday, December 22, 2:51 PM ET, by Market News Video Staff
Looking at the sectors faring best as of midday Tuesday, shares of Energy companies are ...
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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