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|PNW Crosses Above 4% Yield Territory
Tuesday, July 29, 3:35 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Pinnacle West Capital Corp. (PNW) were yielding above the ...
PNW Added as Top 10 Utility Dividend Stock With 4.21% Yield
Monday, August 4, 9:47 AM ET, by Market News Video Staff
Pinnacle West Capital Corp. (PNW) has been named as a Top 10 dividend paying utility ...
Shares of PNW Now Oversold
Wednesday, August 6, 4:07 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Pinnacle West Capital Corp. (PNW) entered into oversold territory, ...
Pinnacle West Capital Becomes #126 Most Shorted S&P 500 Component, Replacing Borg Warner
Tuesday, August 12, 3:57 PM ET, by Market News Video Staff
The most recent short interest data has been released by the NASDAQ for the 07/31/2014 ...
Thursday Sector Leaders: Utilities, Healthcare
Thursday, August 14, 2:40 PM ET, by Market News Video Staff
The best performing sector as of midday Thursday is the Utilities sector, higher by 0.9%. ...
Pampa Energia SA (PAM) Shares Enter Oversold Territory
By Energy Stock Channel Staff, Monday, October 3, 11:55 AM ET
In trading on Monday, shares of Pampa Energia SA (NYSE:PAM) entered into oversold territory, changing hands as low as $10.82 per share. We define oversold 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 oversold if the RSI reading falls below 30.
In the case of Pampa Energia SA, the RSI reading has hit 28.0 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 38.3, the RSI of WTI Crude Oil is at 39.7, and the RSI of Henry Hub Natural Gas is presently 36.4.
A bullish investor could look at PAM's 28.0 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), PAM's low point in its 52 week range is $10.82 per share, with $19.18 as the 52 week high point — that compares with a last trade of $10.84. Pampa Energia SA shares are currently trading down about 6.2% on the day.
PAM operates in the Electric Utilities sector, among companies like NSTAR (NST) which is down about 1.8% today, and Pinnacle West Capital Corp. (NYSE:PNW) trading lower by about 0.5%. Below is a three month price history chart comparing the stock performance of PAM, versus NST and PNW.
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