Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Uranium Energy Stock Getting Very Oversold
Tuesday, January 13, 4:05 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Uranium Energy Corp (UEC) entered into oversold territory, changing ...
Oversold Conditions For Alliance Resource Partners (ARLP)
Wednesday, January 14, 12:22 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Alliance Holdings Group Enters Oversold Territory
Wednesday, January 14, 4:08 PM ET, by Market News Video Staff
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
YZC Crosses Below Key Moving Average Level
Friday, January 16, 11:38 AM ET, by Market News Video Staff
In trading on Friday, shares of Yanzhou Coal Mining Co., Ltd. (YZC) crossed below their ...
First Week of WLT September 18th Options Trading
Wednesday, January 21, 12:03 PM ET, by Market News Video Staff
Investors in Walter Energy, Inc. (WLT) saw new options begin trading this week, for the ...
WLT Stock Crowded With Sellers
By Metals Channel Staff, Wednesday, December 14, 11:37 AM ET
In trading on Wednesday, shares of Walter Energy, Inc. (NYSE:WLT) entered into oversold territory, changing hands as low as $59.15 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 Walter Energy, Inc., the RSI reading has hit 28.5 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 37.6, the RSI of Spot Gold is at 26.5, and the RSI of Spot Silver is presently 29.3.
A bullish investor could look at WLT's 28.5 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), WLT's low point in its 52 week range is $53.41 per share, with $143.76 as the 52 week high point — that compares with a last trade of $59.20. Walter Energy, Inc. shares are currently trading off about 2.7% on the day.
According to the ETF Finder at ETF Channel, WLT makes up 3.90% of the Coal ETF (AMEX:KOL) which is trading lower by about 2.9% on the day Wednesday.
See what other ETFs contain WLT »
See what other stocks are held by KOL »
WLT operates in the Metals & Mining sector, among companies like Uranium Energy Corp (AMEX:UEC) which is down about 1.3% today, and James River Coal Co (JRCC) trading lower by about 4.6%. Below is a three month price history chart comparing the stock performance of WLT, versus UEC and JRCC.
Free Trial: ''ETF CHANNEL FLEXIBLE GROWTH INVESTMENT PORTFOLIO''
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors —
anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset
allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors,
commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow
the performance trail wherever it leads us.
This Article's Word Cloud: