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

Featured MNV Articles:

Ex-Dividend Reminder: Abercrombie & Fitch, GameStop and Avista
Tuesday, November 28, 9:57 AM ET, by Market News Video Staff

On 11/30/17, Abercrombie & Fitch Co (ANF), GameStop Corp (GME), and Avista Corp (AVA) will ...

Ex-Dividend Reminder: TransAlta, Advanced Drainage Systems and Martin Marietta Materials
Tuesday, November 28, 10:32 AM ET, by Market News Video Staff

On 11/30/17, TransAlta Corp. (TAC), Advanced Drainage Systems Inc (WMS), and Martin Marietta Materials, Inc.. ...

Notable ETF Inflow Detected - IJR, ALE, SR, CHE
Thursday, December 7, 11:07 AM ET, by Market News Video Staff

Symbols mentioned in this story: IJR, ALE, SR, CHE Exchange traded funds (ETFs) trade just ...

Noteworthy ETF Inflows: IJS, AVA, PRA, CACI
Friday, December 8, 10:54 AM ET, by Market News Video Staff

Symbols mentioned in this story: IJS, AVA, PRA, CACI Exchange traded funds (ETFs) trade just ...

Notable ETF Inflow Detected - SLYV, IBKR, ALE, SR
Friday, December 15, 11:00 AM ET, by Market News Video Staff

Symbols mentioned in this story: SLYV, IBKR, ALE, SR Exchange traded funds (ETFs) trade just ...

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:   Allete   Avista   Below   Channel   Corp   Crude   Electric   Energy   Flexible   Free   Growth   Henry   Index   Investment   Looking   Monday   NYSE   Natural   Oversold   Portfolio   Relative   Start   Stock   Stocks   Strength   TransAlta   Trial   Utilities   about   asset   below   chart   currently   designed   look   oversold   performance   point   portfolio   reading   share   shares   stock   stocks   territory   that   trading   week   which   with

Shares of TAC Now Oversold | | Copyright © 2010 - 2018, 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.