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|The New #179 Most Shorted S&P 500 Component: ONEOK
Saturday, February 27, 10:05 PM ET, by Market News Video Staff
The most recent short interest data has been released by the NASDAQ for the 02/12/2016 ...
IWN, PNY, HIW, POST: Large Outflows Detected at ETF
Monday, February 29, 10:56 AM ET, by Market News Video Staff
Symbols mentioned in this story: IWN, PNY, HIW, POST Exchange traded funds (ETFs) trade just ...
ONEOK (OKE) Shares Cross 9% Yield Mark
Tuesday, March 8, 3:09 PM ET, by Market News Video Staff
In trading on Tuesday, shares of ONEOK Inc. (OKE) were yielding above the 9% mark ...
Noteworthy ETF Outflows: IJR, PNY, HPY, VSAT
Wednesday, March 9, 11:00 AM ET, by Market News Video Staff
Symbols mentioned in this story: IJR, PNY, HPY, VSAT Exchange traded funds (ETFs) trade just ...
AES Shares Cross Above 200 DMA
Friday, March 11, 4:00 PM ET, by Market News Video Staff
In trading on Friday, shares of AES Corp. (AES) crossed above their 200 day moving ...
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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