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|OKE Stock Crowded With Sellers
Thursday, May 7, 11:30 AM ET, by Market News Video Staff
In trading on Thursday, shares of ONEOK Inc. (OKE) entered into oversold territory, changing hands ...
Noteworthy Thursday Option Activity: WFM, TAP, OKE
Thursday, May 7, 1:51 PM ET, by Market News Video Staff
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume ...
POM Crosses Critical Technical Indicator
Wednesday, May 13, 11:30 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Pepco Holdings Inc. (POM) entered into oversold territory, changing ...
CNP Crosses Above 5% Yield Territory
Wednesday, May 13, 3:09 PM ET, by Market News Video Staff
In trading on Wednesday, shares of CenterPoint Energy, Inc (CNP) were yielding above the 5% ...
Top Buys by Top Brass: EVP Rogers's $396.1K Bet on CNP
Friday, May 15, 2:04 PM ET, by Market News Video Staff
A company's own top management tend to have the best inside view into the business, ...
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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