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|Shares of GDP Now Oversold
Thursday, February 20, 1:18 PM ET, by Market News Video Staff
In trading on Thursday, shares of Goodrich Petroleum Corp. (GDP) entered into oversold territory, changing ...
Top Buys by Top Brass: Exec. VP and General Counsel Copeland's $252.4K Bet on SM
Friday, February 21, 2:46 PM ET, by Market News Video Staff
A company's own top management tend to have the best inside view into the business, ...
Bargain Hunters Take Note: Insider Cluster-Buying At SM
Tuesday, February 25, 2:09 PM ET, by Market News Video Staff
A particularly strong insider buying signal is what we call a "cluster-buy" where three or ...
16.6% of FRAK Holdings Seeing Recent Insider Buys
Wednesday, February 26, 9:38 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the Unconventional Oil & Gas ETF (FRAK) ...
Notable Two Hundred Day Moving Average Cross - QEP
Wednesday, February 26, 1:13 PM ET, by Market News Video Staff
In trading on Wednesday, shares of QEP Resources Inc (QEP) crossed below their 200 day ...
SM Energy Co. (SM) Shares Enter Oversold Territory
By Energy Stock Channel Staff, Monday, October 3, 4:10 PM ET
In trading on Monday, shares of SM Energy Co. (NYSE:SM) entered into oversold territory, changing hands as low as $57.22 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 SM Energy Co., the RSI reading has hit 29.0 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 35.8, the RSI of WTI Crude Oil is at 38.7, and the RSI of Henry Hub Natural Gas is presently 35.2.
A bullish investor could look at SM's 29.0 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), SM's low point in its 52 week range is $37.30 per share, with $85.55 as the 52 week high point — that compares with a last trade of $57.66. SM Energy Co. shares are currently trading off about 4.8% on the day.
According to the ETF Finder at ETF Channel, SM makes up 3.09% of the First Trust ISE-Revere Natural Gas Index Fund ETF (AMEX:FCG) which is trading relatively unchanged on the day Monday.
See what other ETFs contain SM »
See what other stocks are held by FCG »
SM operates in the Oil & Gas Exploration & Production sector, among companies like Pioneer Natural Resources Co (NYSE:PXD) which is down about 5.3% today, and Pioneer Natural Resources Co (PXDPRA). Below is a three month price history chart comparing the stock performance of SM, versus PXD.
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