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|Ex-Dividend Reminder: Colgate-Palmolive, PNM Resources and Cooper Companies
Tuesday, January 17, 9:56 AM ET, by Market News Video Staff
On 1/19/17, Colgate-Palmolive Co. (CL), PNM Resources Inc (PNM), and Cooper Companies, Inc.. ...
AES Shares Cross Below 200 DMA
Thursday, January 19, 4:02 PM ET, by Market News Video Staff
In trading on Thursday, shares of AES Corp. (AES) crossed below their 200 day moving ...
Why PNM Resources Is a Top 10 Utility Dividend Stock (PNM)
Friday, January 20, 7:52 AM ET, by Market News Video Staff
PNM Resources Inc (PNM) has been named as a Top 10 dividend paying utility stock, ...
PNM Resources Stock Sees Short Interest Decrease By 16.8%
Thursday, January 26, 1:31 PM ET, by Market News Video Staff
The most recent short interest data has been released for the 01/13/2017 settlement date, which ...
PNM Resources Reaches Analyst Target Price
Friday, February 3, 8:54 AM ET, by Market News Video Staff
In recent trading, shares of PNM Resources Inc (PNM) have crossed above the average analyst ...
TEG Crosses Critical Technical Indicator
By Energy Stock Channel Staff, Thursday, October 27, 11:48 AM ET
In trading on Thursday, shares of Integrys Energy Group Inc (TEG) entered into overbought territory, changing hands as high as $53.685 per share. We define overbought 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 overbought if the RSI reading rises above 70.
In the case of Integrys Energy Group Inc, the RSI reading has hit 70.8 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 60.0, the RSI of WTI Crude Oil is at 60.6, and the RSI of Henry Hub Natural Gas is presently 40.8.
A bearish investor could look at TEG's 70.8 reading as a sign that the recent heavy buying is in the process of exhausting itself, and shares are due for a pullback.
Looking at a chart of one year performance (below), TEG's low point in its 52 week range is $42.76 per share, with $54.45 as the 52 week high point — that compares with a last trade of $53.66. Integrys Energy Group Inc shares are currently trading up about 2.6% on the day.
According to the ETF Finder at ETF Channel, TEG makes up 2.45% of the Rydex S&P 500 Equal Weight Utilities ETF (AMEX:RYU) which is trading up by about 1.6% on the day Thursday.
See what other ETFs contain TEG »
See what other stocks are held by RYU »
TEG operates in the Electric Utilities sector, among companies like Avista Corp. (NYSE:AVA) which is up about 3% today, and PNM Resources Inc (NYSE:PNM) trading up by about 2.4%. Below is a three month price history chart comparing the stock performance of TEG, versus AVA and PNM.
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