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|UPL January 2018 Options Begin Trading
Monday, November 16, 11:25 AM ET, by Market News Video Staff
Investors in Ultra Petroleum Corp. (UPL) saw new options begin trading today, for the January ...
Ex-Dividend Reminder: Unifirst, Canadian National Railway and Nabors Industries
Friday, December 4, 10:06 AM ET, by Market News Video Staff
On 12/8/15, Unifirst Corp. (UNF), Canadian National Railway Co.. ...
Nabors Industries Larger Than S&P 500 Component Tenet Healthcare
Thursday, December 17, 4:36 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Nabors ...
NBR Dividend Yield Pushes Above 3%
Friday, December 18, 3:07 PM ET, by Market News Video Staff
In trading on Friday, shares of Nabors Industries Ltd. (NBR) were yielding above the 3% ...
Oversold Conditions For Nabors Industries (NBR)
Friday, December 18, 4:20 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Shares of HGT Now Oversold
By Energy Stock Channel Staff, Wednesday, December 14, 11:30 AM ET
In trading on Wednesday, shares of Hugoton Royalty Trust (NYSE:HGT) entered into oversold territory, changing hands as low as $19.80 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 Hugoton Royalty Trust , the RSI reading has hit 26.9 — 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 HGT's 26.9 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), HGT's low point in its 52 week range is $19.23 per share, with $24.67 as the 52 week high point — that compares with a last trade of $19.90. Hugoton Royalty Trust shares are currently trading down about 1.8% on the day.
HGT operates in the Oil & Gas Exploration & Production sector, among companies like Ultra Petroleum Corp. (UPL) which is off about 3.8% today, and Nabors Industries Ltd. (NYSE:NBR) trading lower by about 4.3%. Below is a three month price history chart comparing the stock performance of HGT, versus UPL and NBR.
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