Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Ex-Dividend Reminder: American States Water, Southern and Allete
Tuesday, August 9, 9:59 AM ET, by Market News Video Staff
On 8/11/16, American States Water Co (AWR), Southern Company (SO), and Allete Inc. (ALE) will ...
ALE Crosses Critical Technical Indicator
Tuesday, August 16, 11:30 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Allete Inc. (ALE) entered into oversold territory, changing hands ...
TransAlta Becomes Oversold (TAC)
Monday, August 22, 11:57 AM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Ex-Dividend Reminder: TransAlta, Advanced Drainage Systems and Valspar
Friday, August 26, 10:25 AM ET, by Market News Video Staff
On 8/30/16, TransAlta Corp. (TAC), Advanced Drainage Systems Inc (WMS), and Valspar Corp (VAL) will ...
Ex-Dividend Reminder: Interpublic Group of Companies, Wendy's and Avista
Friday, August 26, 10:31 AM ET, by Market News Video Staff
On 8/30/16, Interpublic Group of Companies Inc. (IPG), Wendy's Co (WEN), and Avista Corp.. ...
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.
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: