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|WGL Holdings, Inc. Stock Getting Very Oversold
Thursday, November 14, 3:57 PM ET, by Market News Video Staff
In trading on Thursday, shares of WGL Holdings, Inc. (WGL) entered into oversold territory, changing ...
Shares of WGL Now Oversold
Wednesday, December 11, 11:32 AM ET, by Market News Video Staff
In trading on Wednesday, shares of WGL Holdings, Inc. (WGL) entered into oversold territory, changing ...
Oversold Conditions For Piedmont Natural Gas Co., Inc. (PNY)
Wednesday, December 11, 12:00 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Stryker Corp. Becomes #152 Most Shorted S&P 500 Component, Replacing ONEOK Inc.
Wednesday, December 11, 2:55 PM ET, by Market News Video Staff
The most recent short interest data has been released by the NASDAQ for the 11/29/2013 ...
Ex-Dividend Reminder: Piedmont Natural Gas, Kaman Corp. and General Electric Co
Wednesday, December 18, 10:13 AM ET, by Market News Video Staff
On 12/20/13, Piedmont Natural Gas Co., Inc. (PNY), Kaman 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.
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