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|Notable ETF Inflow Detected - IJR, MKSI, NKTR, ALE
Thursday, November 9, 10:58 AM ET, by Market News Video Staff
Symbols mentioned in this story: IJR, MKSI, NKTR, ALE Exchange traded funds (ETFs) trade just ...
Ex-Dividend Reminder: Consolidated Edison, Allete and Otter Tail
Friday, November 10, 9:57 AM ET, by Market News Video Staff
On 11/14/17, Consolidated Edison Inc (ED), Allete Inc. (ALE), and Otter Tail Corp.. ...
Short Interest Declines 13.6% For AVA
Friday, November 10, 2:56 PM ET, by Market News Video Staff
The most recent short interest data has been released for the 10/31/2017 settlement date, which ...
ALE Crosses Above Average Analyst Target
Wednesday, November 15, 8:30 AM ET, by Market News Video Staff
In recent trading, shares of Allete Inc. (ALE) have crossed above the average analyst 12-month ...
Notable ETF Inflow Detected - IJR, ALE, IBKR, SR
Wednesday, November 22, 10:54 AM ET, by Market News Video Staff
Symbols mentioned in this story: IJR, ALE, IBKR, SR Exchange traded funds (ETFs) trade just ...
Shares of TAC Now Oversold
By Energy Stock Channel Staff, Monday, November 21, 11:48 AM ET
In trading on Monday, shares of TransAlta Corp. (NYSE:TAC) entered into oversold territory, changing hands as low as $19.77 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 TransAlta Corp., the RSI reading has hit 29.2 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 48.0, the RSI of WTI Crude Oil is at 55.9, and the RSI of Henry Hub Natural Gas is presently 37.3.
A bullish investor could look at TAC's 29.2 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), TAC's low point in its 52 week range is $19.64 per share, with $23.09 as the 52 week high point — that compares with a last trade of $19.80. TransAlta Corp. shares are currently trading off about 3.8% on the day.
TAC operates in the Electric Utilities sector, among companies like Avista Corp. (NYSE:AVA) which is down about 1.6% today, and Allete Inc. (NYSE:ALE) trading lower by about 1.4%. Below is a three month price history chart comparing the stock performance of TAC, versus AVA and ALE.
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