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|Wednesday Sector Leaders: Utilities, Services
Wednesday, August 27, 2:34 PM ET, by Market News Video Staff
The best performing sector as of midday Wednesday is the Utilities sector, up 0.6%. Within ...
Thursday Sector Leaders: Utilities, Consumer Products
Thursday, September 11, 2:32 PM ET, by Market News Video Staff
The best performing sector as of midday Thursday is the Utilities sector, higher by 0.8%. ...
Thursday Sector Laggards: Utilities, Energy
Thursday, September 18, 2:33 PM ET, by Market News Video Staff
The worst performing sector as of midday Thursday is the Utilities sector, showing a 0.9% ...
Freescale Semiconductor Moves Up In Market Cap Rank, Passing Pinnacle West Capital
Tuesday, September 23, 4:37 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Freescale ...
Commit To Buy Pinnacle West Capital Corp. At $50, Earn 1.6% Annualized Using Options
Wednesday, September 24, 12:10 PM ET, by Market News Video Staff
Investors considering a purchase of Pinnacle West Capital Corp. (PNW) shares, but cautious about paying ...
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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