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| Shares of AEE Now OversoldBy Energy Stock Channel Staff, Wednesday, February 15, 3:52 PM ET
In trading on Wednesday, shares of Ameren Corp. (NYSE:AEE) entered into oversold territory, changing hands as low as $30.965 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 Ameren Corp., the RSI reading has hit 29.3 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 54.6, the RSI of WTI Crude Oil is at 61.7, and the RSI of Henry Hub Natural Gas is presently 40.5. A bullish investor could look at AEE's 29.3 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), AEE's low point in its 52 week range is $25.55 per share, with $34.11 as the 52 week high point — that compares with a last trade of $31.06. Ameren Corp. shares are currently trading down about 0.4% on the day.
According to the ETF Finder at ETF Channel, AEE makes up 3.21% of the First Trust Utilities AlphaDEX Fund ETF (AMEX:FXU) which is trading lower by about 0.1% on the day Wednesday. See what other ETFs contain AEE » Special Offer: Join the value investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation from Forbes
Find the right mix of model portfolios today at PortfolioChannel.com
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