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|Alon USA Energy Breaks Above 200-Day Moving Average - Bullish for ALJ
Thursday, February 26, 4:04 PM ET, by Market News Video Staff
In trading on Thursday, shares of Alon USA Energy Inc (ALJ) crossed above their 200 ...
Noteworthy ETF Outflows: XOP, SN, LPI, PDCE
Tuesday, March 3, 10:54 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, SN, LPI, PDCE Exchange traded funds (ETFs) trade just ...
Strong Insider Buying Reported in XOP Holdings
Friday, March 6, 9:54 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the SPDR S&P Oil & Gas Exploration ...
Use Options For a Chance To Buy OAS at a 53% Discount
Monday, March 9, 11:44 AM ET, by Market News Video Staff
Looking back to 5 days ago, Oasis Petroleum Inc. (OAS) priced a 32,000,000 share secondary ...
XOP, SN, EXXI, PDCE: Large Outflows Detected at ETF
Wednesday, March 11, 10:54 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, SN, EXXI, PDCE Exchange traded funds (ETFs) trade just ...
NOG Crosses Critical Technical Indicator
By Energy Stock Channel Staff, Wednesday, October 24, 11:40 AM ET
In trading on Wednesday, shares of Northern Oil & Gas Inc (AMEX:NOG) entered into oversold territory, changing hands as low as $15.15 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 Northern Oil & Gas Inc , the RSI reading has hit 29.2 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 45.4, the RSI of WTI Crude Oil is at 30.2, and the RSI of Henry Hub Natural Gas is presently 57.2.
A bullish investor could look at NOG's 29.2 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), NOG's low point in its 52 week range is $14.40 per share, with $28.00 as the 52 week high point — that compares with a last trade of $15.10. Northern Oil & Gas Inc shares are currently trading down about 2.1% on the day.
According to the ETF Finder at ETF Channel, NOG makes up 1.36% of the SPDR S&P Oil & Gas Exploration & Production ETF (AMEX:XOP) which is trading lower by about 0.7% on the day Wednesday.
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