Featured MNV Articles:
|Why Pinnacle West Capital Is a Top 10 Utility Dividend Stock (PNW)
Thursday, January 18, 7:55 AM ET, by Market News Video Staff
Pinnacle West Capital Corp (PNW) has been named as a Top 10 dividend paying utility ...
Sealed Air Becomes #139 Most Shorted S&P 500 Component, Replacing Pinnacle West Capital
Friday, January 26, 8:05 AM ET, by Market News Video Staff
The most recent short interest data has been released for the 12/29/2017 settlement date, and ...
Ex-Dividend Reminder: Pinnacle West Capital, Ally Financial and People's United Financial
Monday, January 29, 10:23 AM ET, by Market News Video Staff
On 1/31/18, Pinnacle West Capital Corp (PNW), Ally Financial Inc (ALLY), and People's United Financial ...
Pinnacle West Capital (PNW) Shares Enter Oversold Territory
Monday, January 29, 4:28 PM ET, by Market News Video Staff
In trading on Monday, shares of Pinnacle West Capital Corp (PNW) entered into oversold territory, ...
Notable Two Hundred Day Moving Average Cross - PAM
Monday, February 5, 11:35 AM ET, by Market News Video Staff
In trading on Monday, shares of Pampa Energia SA (PAM) crossed below their 200 day ...
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.
Free Trial: ''ETF CHANNEL FLEXIBLE GROWTH INVESTMENT PORTFOLIO''
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors —
anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset
allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors,
commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow
the performance trail wherever it leads us.
This Article's Word Cloud: