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|EQT Crosses Critical Technical Indicator
Wednesday, November 6, 4:01 PM ET, by Market News Video Staff
In trading on Wednesday, shares of EQT Corp. (EQT) entered into oversold territory, changing hands ...
Ex-Dividend Reminder: Helmerich & Payne, EQT Corp. and Murphy Oil Corp
Monday, November 11, 10:38 AM ET, by Market News Video Staff
On 11/13/13, Helmerich & Payne, Inc. (HP), EQT Corp.. ...
Energen Corp. About To Put More Money In Your Pocket (EGN)
Monday, November 11, 11:16 AM ET, by Market News Video Staff
On 11/13/13, Energen Corp. (EGN) will trade ex-dividend, for its quarterly dividend of $0.145, payable ...
Interesting CIE Put And Call Options For July 2014
Tuesday, November 19, 11:06 AM ET, by Market News Video Staff
Investors in Cobalt International Energy Inc. (CIE) saw new options become available this week, for ...
Shares of CIE Now Oversold
Monday, December 2, 11:33 AM ET, by Market News Video Staff
In trading on Monday, shares of Cobalt International Energy Inc. (CIE) entered into oversold territory, ...
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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