 |
 |
 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| NOG Crosses Critical Technical IndicatorBy 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. See what other ETFs contain NOG » Special Offer: Small cap value stocks have outperformed the markets since the end of the recession — see what you've been missing with this free 30 day trial
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
AMEX
According
Channel
ETFs
Energy
Exploration
Northern
Oversold
Relative
Small
Stock
Wednesday
about
analysis
below
bullish
comparison
considered
contain
could
currently
hands
heavy
look
missing
momentum
opportunities
other
oversold
point
process
range
raquo
reading
recent
scale
share
shares
slideshow
stocks
territory
that
trading
universe
week
what
which
with
year
zero
|
Now Playing:
Learn About The RSI
Start slideshow: