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|MRD Makes Notable Cross Below Critical Moving Average
Monday, September 21, 4:43 PM ET, by Market News Video Staff
In trading on Monday, shares of Memorial Resource Development Corp (MRD) crossed below their 200 ...
SPDR S&P Oil & Gas Exploration & Production ETF -- Insider Buying Index Registering 19.9%
Wednesday, September 23, 9:48 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the SPDR S&P Oil & Gas Exploration ...
Kosmos Energy Shares Enter Oversold Territory
Friday, September 25, 11:24 AM ET, by Market News Video Staff
In trading on Friday, shares of Kosmos Energy Ltd (KOS) entered into oversold territory, changing ...
Notable Two Hundred Day Moving Average Cross - CPE
Friday, September 25, 4:01 PM ET, by Market News Video Staff
In trading on Friday, shares of Callon Petroleum Co. (CPE) crossed below their 200 day ...
Investors Pick Up MRD Even Lower Than Its Secondary Stock Offering
Monday, September 28, 11:19 AM ET, by Market News Video Staff
Looking back to 7 days ago, Memorial Resource Development Corp (MRD) priced a 12,000,000 share ...
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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