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|Oasis Petroleum (OAS) Shares Cross Above 200 DMA
Monday, November 6, 11:32 AM ET, by Market News Video Staff
In trading on Monday, shares of Oasis Petroleum Inc. (OAS) crossed above their 200 day ...
Analysts Expect XOP Will Reach $42
Thursday, November 9, 9:31 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
XOP, WLL, CRZO, SM: Large Inflows Detected at ETF
Thursday, November 9, 10:58 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, WLL, CRZO, SM Exchange traded funds (ETFs) trade just ...
Noteworthy Wednesday Option Activity: SD, NTAP, WTR
Wednesday, November 15, 3:26 PM ET, by Market News Video Staff
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
Noteworthy ETF Outflows: XOP, CRZO, WLL, SM
Friday, November 17, 10:48 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, CRZO, WLL, SM 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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