Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Implied XOP Analyst Target Price: $38
Thursday, May 5, 7:50 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Gulfport Energy Breaks Above 200-Day Moving Average - Bullish for GPOR
Friday, May 6, 11:43 AM ET, by Market News Video Staff
In trading on Friday, shares of Gulfport Energy Corp. (GPOR) crossed above their 200 day ...
MTDR Crosses Above Key Moving Average Level
Tuesday, May 10, 4:13 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Matador Resources Co (MTDR) crossed above their 200 day ...
XOP, SM, CLR, WPX: ETF Outflow Alert
Thursday, May 12, 10:53 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, SM, CLR, WPX Exchange traded funds (ETFs) trade just ...
Investors Land LPI Even Cheaper Than Its Secondary Stock Offering
Thursday, May 12, 11:15 AM ET, by Market News Video Staff
Looking back to 2 days ago, Laredo Petroleum, Inc (LPI) priced a 9,500,000 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 »
See what other stocks are held by XOP »
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
This Article's Word Cloud: