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|INT Ex-Dividend Reminder - 12/17/14
Monday, December 15, 10:08 AM ET, by Market News Video Staff
On 12/17/14, World Fuel Services Corp. (INT) will trade ex-dividend, for its quarterly dividend of ...
SPDR S&P Oil & Gas Exploration & Production ETF Experiences Big Outflow
Wednesday, December 17, 11:08 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, TSO, PBF, INT Exchange traded funds (ETFs) trade just ...
Investors Snag CPE 41.1% Cheaper Than Its Secondary Stock Offering
Monday, December 22, 10:00 AM ET, by Market News Video Staff
Looking back to 104 days ago, Callon Petroleum Co. (CPE) priced a 12,500,000 share secondary ...
First Week of February 2015 Options Trading For SPDR S&P Oil & Gas Exploration & Production ETF
Wednesday, December 24, 11:08 AM ET, by Market News Video Staff
Investors in SPDR S&P Oil & Gas Exploration & Production ETF (XOP) saw new options ...
SPDR S&P Oil & Gas Exploration & Production ETF Experiences Big Inflow
Friday, December 26, 11:22 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, SN, TPLM, EPE 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. (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.
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