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|Bullish Two Hundred Day Moving Average Cross - ALE
Wednesday, December 16, 11:03 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Allete Inc. (ALE) crossed above their 200 day moving ...
Avista Moves Up In Market Cap Rank, Passing Southwestern Energy
Friday, December 18, 4:36 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Avista ...
Ex-Dividend Reminder: Southern, Allete and Summit Hotel Properties
Tuesday, February 9, 10:13 AM ET, by Market News Video Staff
On 2/11/16, Southern Company (SO), Allete Inc. (ALE), and Summit Hotel Properties Inc (INN) will ...
ALE Dividend Yield Pushes Above 4%
Thursday, February 11, 3:24 PM ET, by Market News Video Staff
In trading on Thursday, shares of Allete Inc. (ALE) were yielding above the 4% mark ...
Allete Moves Up In Market Cap Rank, Passing Diamond Offshore Drilling
Thursday, February 11, 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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