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|Interesting XOP Put And Call Options For September 16th
Friday, January 22, 10:46 AM ET, by Market News Video Staff
Investors in SPDR S&P Oil & Gas Exploration & Production ETF (XOP) saw new options ...
First Week of September 16th Options Trading For Northern Oil & Gas (NOG)
Monday, January 25, 11:29 AM ET, by Market News Video Staff
Investors in Northern Oil & Gas Inc (NOG) saw new options become available this week, ...
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Investors Snag OAS 6.8% Cheaper Than Its Secondary Stock Offering
Thursday, February 11, 10:03 AM ET, by Market News Video Staff
Looking back to 14 days ago, Oasis Petroleum Inc. (OAS) priced a 34,000,000 share secondary ...
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.
See what other ETFs contain NOG »
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