Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Notable ETF Inflow Detected - XOP, MHR, OAS, AREX
Tuesday, October 29, 11:07 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, MHR, OAS, AREX Exchange traded funds (ETFs) trade just ...
EPL Oil & Gas Inc Breaks Below 200-Day Moving Average - Notable for EPL
Thursday, October 31, 11:39 AM ET, by Market News Video Staff
In trading on Thursday, shares of EPL Oil & Gas Inc (EPL) crossed below their ...
Noteworthy ETF Outflows: XOP, MHR, CRZO, OAS
Thursday, November 7, 10:59 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, MHR, CRZO, OAS Exchange traded funds (ETFs) trade just ...
HK Falls to Levels Below Book Value
Thursday, November 7, 1:00 PM ET, by Market News Video Staff
In trading on Thursday, shares of Halcon Resources Corp (HK) crossed below their last reported ...
Resolute Energy Corp (REN) Shares Cross Below Book Value
Thursday, November 7, 1:17 PM ET, by Market News Video Staff
In trading on Thursday, shares of Resolute Energy Corp (REN) crossed below their last reported ...
SD Stock Crowded With Sellers
By Energy Stock Channel Staff, Friday, October 26, 12:04 PM ET
In trading on Friday, shares of Sandridge Energy, Inc. (NYSE:SD) entered into oversold territory, changing hands as low as $6.16 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 Sandridge Energy, 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 44.4, the RSI of WTI Crude Oil is at 30.1, and the RSI of Henry Hub Natural Gas is presently 50.0.
A bullish investor could look at SD'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), SD's low point in its 52 week range is $5.55 per share, with $9.04 as the 52 week high point — that compares with a last trade of $6.21. Sandridge Energy, Inc. shares are currently trading down about 3.7% on the day.
According to the ETF Finder at ETF Channel, SD makes up 1.44% of the SPDR S&P Oil & Gas Exploration & Production ETF (AMEX:XOP) which is trading lower by about 0.3% on the day Friday.
See what other ETFs contain SD »
See what other stocks are held by XOP »
Special Offer: Find out what Frank Bifulco is holding in the Dividend OverDrive Portfolio with a free 30 day trial and a 20% off coupon from Forbes
This Article's Word Cloud: