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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 ...
Noteworthy ETF Inflows: XOP, AR, GPOR, RRC
Tuesday, February 16, 10:54 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, AR, GPOR, RRC Exchange traded funds (ETFs) trade just ...
MRD Stock Crowded With Sellers
Tuesday, February 16, 11:37 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Memorial Resource Development Corp (MRD) entered into oversold territory, ...
Interesting XOP Put And Call Options For April 15th
Wednesday, February 24, 10:48 AM ET, by Market News Video Staff
Investors in SPDR S&P Oil & Gas Exploration & Production ETF (XOP) saw new options ...
XOP, GPOR, AR, EQT: Large Inflows Detected at ETF
Wednesday, February 24, 11:06 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, GPOR, AR, EQT Exchange traded funds (ETFs) trade just ...
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. (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.
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