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|Commit To Purchase Whiting Petroleum Corp At $5.50, Earn 18.2% Using Options
Monday, June 20, 11:35 AM ET, by Market News Video Staff
Investors considering a purchase of Whiting Petroleum Corp (WLL) stock, but cautious about paying the ...
Notable ETF Inflow Detected - XOP, DNR, MRO, RICE
Friday, June 24, 11:29 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, DNR, MRO, RICE Exchange traded funds (ETFs) trade just ...
MTDR Makes Notable Cross Below Critical Moving Average
Friday, June 24, 4:29 PM ET, by Market News Video Staff
In trading on Friday, shares of Matador Resources Co (MTDR) crossed below their 200 day ...
Noteworthy ETF Inflows: XOP, RICE, MRO, CLR
Wednesday, July 6, 10:56 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, RICE, MRO, CLR Exchange traded funds (ETFs) trade just ...
How The Parts Add Up: XOP Targets $40
Monday, July 11, 8:05 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
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.
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