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|Ex-Dividend Reminder: Duke Energy, CenterPoint Energy and Allete
Monday, November 10, 11:09 AM ET, by Market News Video Staff
On 11/12/14, Duke Energy Corp (DUK), CenterPoint Energy, Inc (CNP), and Allete Inc. (ALE) will ...
Short Interest Makes 19.4% Move For AVA
Wednesday, November 12, 3:06 PM ET, by Market News Video Staff
The most recent short interest data has been released by the NASDAQ for the 10/31/2014 ...
Ex-Dividend Reminder: Deltic Timber, TransAlta and Martin Marietta Materials
Monday, November 24, 10:13 AM ET, by Market News Video Staff
On 11/26/14, Deltic Timber Corp. (DEL), TransAlta Corp.. ...
TransAlta (TAC) Shares Enter Oversold Territory
Friday, December 5, 11:38 AM ET, by Market News Video Staff
In trading on Friday, shares of TransAlta Corp. (TAC) entered into oversold territory, changing hands ...
Allete Larger Than S&P 500 Component Denbury Resources
Wednesday, January 7, 4:37 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Allete ...
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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