Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Use Options For a Chance To Buy HK at a 57% Discount
Monday, October 21, 11:48 AM ET, by Market News Video Staff
Looking back to 74 days ago, Halcon Resources Corp (HK) priced a 38,000,000 share secondary ...
Use Options For a Chance To Buy REN at a 28% Discount
Tuesday, October 22, 11:47 AM ET, by Market News Video Staff
Looking back to 166 days ago, Resolute Energy Corp (REN) priced a 13,250,000 share secondary ...
First Week of WLL June 2014 Options Trading
Tuesday, October 22, 11:56 AM ET, by Market News Video Staff
Investors in Whiting Petroleum Corp (WLL) saw new options begin trading this week, for the ...
This ETF Holds Stocks Insiders Want to Own
Thursday, October 24, 9:39 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the SPDR S&P Oil & Gas Exploration ...
First Week of XOP June 2014 Options Trading
Monday, October 28, 11:03 AM ET, by Market News Video Staff
Investors in SPDR S&P Oil & Gas Exploration & Production ETF (XOP) saw new options ...
Whiting Petroleum Corp Stock Getting Very Oversold
By Energy Stock Channel Staff, Thursday, October 25, 1:23 PM ET
In trading on Thursday, shares of Whiting Petroleum Corp (NYSE:WLL) entered into oversold territory, changing hands as low as $41.79 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 Whiting Petroleum Corp, the RSI reading has hit 29.0 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 44.7, the RSI of WTI Crude Oil is at 29.2, and the RSI of Henry Hub Natural Gas is presently 51.5.
A bullish investor could look at WLL's 29.0 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), WLL's low point in its 52 week range is $35.68 per share, with $63.97 as the 52 week high point — that compares with a last trade of $42.37. Whiting Petroleum Corp shares are currently trading off about 3.2% on the day.
According to the ETF Finder at ETF Channel, WLL makes up 1.48% of the SPDR S&P Oil & Gas Exploration & Production ETF (AMEX:XOP) which is trading up by about 0.1% on the day Thursday.
See what other ETFs contain WLL »
See what other stocks are held by XOP »
Special Offer: Find out what Dave Moenning is holding in the ETF Channel Flexible Growth Investment Portfolio with 30 Days Free.
This Article's Word Cloud: