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|Thursday Sector Laggards: Technology & Communications, Energy
Thursday, April 14, 2:39 PM ET, by Market News Video Staff
Looking at the sectors faring worst as of midday Thursday, shares of Technology & Communications ...
Implied FXN Analyst Target Price: $16
Monday, April 18, 7:42 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Notable Wednesday Option Activity: EQT, TPX, DIOD
Wednesday, April 27, 3:23 PM ET, by Market News Video Staff
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
EGN Makes Bullish Cross Above Critical Moving Average
Thursday, April 28, 11:03 AM ET, by Market News Video Staff
In trading on Thursday, shares of Energen Corp. (EGN) crossed above their 200 day moving ...
Energen Moves Up In Market Cap Rank, Passing Chesapeake Energy
Thursday, May 5, 4:38 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Energen ...
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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