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|Crown Castle International Becomes #242 Most Shorted S&P 500 Component, Replacing Pinnacle West Capital
Thursday, November 10, 2:09 PM ET, by Market News Video Staff
The most recent short interest data has been released for the 10/31/2016 settlement date, and ...
PNW July 2017 Options Begin Trading
Monday, November 21, 10:44 AM ET, by Market News Video Staff
Investors in Pinnacle West Capital Corp (PNW) saw new options become available today, for the ...
The New #125 Most Shorted S&P 500 Component: FMC Technologies
Monday, November 28, 3:31 PM ET, by Market News Video Staff
The most recent short interest data has been released for the 11/15/2016 settlement date, and ...
PNW Crosses Above Average Analyst Target
Monday, December 12, 9:00 AM ET, by Market News Video Staff
In recent trading, shares of Pinnacle West Capital Corp (PNW) have crossed above the average ...
PNW's Strong Dividend History Helps Get It To The Top 10
Thursday, December 22, 7:41 AM ET, by Market News Video Staff
Pinnacle West Capital Corp (PNW) has been named as a Top 10 dividend paying utility ...
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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