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|CenturyLink Becomes #7 Most Shorted S&P 500 Component, Replacing EQT
Wednesday, October 11, 2:33 PM ET, by Market News Video Staff
The most recent short interest data has been released for the 09/29/2017 settlement date, and ...
MLP and Energy Infrastructure ETF -- Insider Buying Index Registering 35.1%
Friday, October 13, 9:31 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the MLP and Energy Infrastructure ETF (MLPX) ...
MRO Crosses Above Key Moving Average Level
Monday, October 16, 10:58 AM ET, by Market News Video Staff
In trading on Monday, shares of Marathon Oil Corp. (MRO) crossed above their 200 day ...
Strong Insider Buying Reported in RYE Holdings
Thursday, October 19, 9:38 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the Guggenheim S&P 500 Equal Weight Energy ...
Agree To Purchase EQT Corp At $57.50, Earn 8.4% Annualized Using Options
Tuesday, October 24, 11:40 AM ET, by Market News Video Staff
Investors considering a purchase of EQT Corp (EQT) shares, but tentative about paying the going ...
EQT Crosses Critical Technical Indicator
By Energy Stock Channel Staff, Wednesday, December 14, 11:29 AM ET
In trading on Wednesday, shares of EQT Corp. (NYSE:EQT) entered into oversold territory, changing hands as low as $53.10 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 EQT Corp., the RSI reading has hit 29.9 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 43.3, the RSI of WTI Crude Oil is at 48.4, and the RSI of Henry Hub Natural Gas is presently 32.0.
A bullish investor could look at EQT's 29.9 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), EQT's low point in its 52 week range is $43.00 per share, with $73.10 as the 52 week high point — that compares with a last trade of $53.24. EQT Corp. shares are currently trading off about 2.7% on the day.
According to the ETF Finder at ETF Channel, EQT makes up 4.88% of the Rydex S&P 500 Equal Weight Energy ETF (AMEX:RYE) which is trading relatively unchanged on the day Wednesday.
See what other ETFs contain EQT »
See what other stocks are held by RYE »
EQT operates in the Oil & Gas Exploration & Production sector, among companies like Energen Corp. (NYSE:EGN) which is off about 3.1% today, and Cobalt International Energy Inc. (NYSE:CIE) trading lower by about 7.1%. Below is a three month price history chart comparing the stock performance of EQT, versus EGN and CIE.
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