Energy Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

AVA Crosses Above Key Moving Average Level
Monday, March 16, 11:07 AM ET, by Market News Video Staff

In trading on Monday, shares of Avista Corp. (AVA) crossed above their 200 day moving ...

ALE May 15th Options Begin Trading
Monday, March 23, 12:57 PM ET, by Market News Video Staff

Investors in Allete Inc. (ALE) saw new options begin trading today, for the May 15th ...

ALE Crosses Below Key Moving Average Level
Thursday, April 9, 12:06 PM ET, by Market News Video Staff

In trading on Thursday, shares of Allete Inc. (ALE) crossed below their 200 day moving ...

AVA Makes Bullish Cross Above Critical Moving Average
Friday, April 10, 10:59 AM ET, by Market News Video Staff

In trading on Friday, shares of Avista Corp. (AVA) crossed above their 200 day moving ...

Allete (ALE) Passes Through 4% Yield Mark
Wednesday, April 22, 4:47 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Allete Inc. (ALE) were yielding above the 4% mark ...

  More articles:  1 2 3 4 5 6 7 next »

Shares of TAC Now Oversold

By Energy Stock Channel Staff, Monday, November 21, 11:48 AM ET
Play Video: Learn About The RSI

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

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.

TransAlta Corp. 1 Year Performance Chart

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.

TAC,AVA,ALE Relative Performance Chart


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:   Channel   Corp   Energy   Growth   Looking   NYSE   Relative   Stocks   Strength   TransAlta   Trial   about   analysis   asset   below   changing   chart   comparison   currently   designed   energy   entered   follow   heavy   history   look   month   oversold   performance   point   portfolio   program   raquo   reading   regions   selling   share   shares   stock   stocks   technical   territory   that   trading   used   week   wherever   which   with   zero

Shares of TAC Now Oversold | | Copyright © 2010 - 2015, All Rights Reserved

Nothing in Energy Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.