Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|EGY Makes Notable Cross Below Critical Moving Average
Thursday, July 10, 11:43 AM ET, by Market News Video Staff
In trading on Thursday, shares of VAALCO Energy, Inc. (EGY) crossed below their 200 day ...
CIE Stock Crowded With Sellers
Friday, July 11, 3:54 PM ET, by Market News Video Staff
In trading on Friday, shares of Cobalt International Energy Inc. (CIE) entered into oversold territory, ...
GPOR Crosses Critical Technical Indicator
Tuesday, July 22, 2:28 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Gulfport Energy Corp. (GPOR) entered into oversold territory, changing ...
First Week of March 2015 Options Trading For SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
Wednesday, July 23, 11:12 AM ET, by Market News Video Staff
Investors in SPDR S&P Oil & Gas Exploration & Production ETF (XOP) saw new options ...
DK Crosses Above Key Moving Average Level
Friday, July 25, 4:18 PM ET, by Market News Video Staff
In trading on Friday, shares of Delek US Holdings Inc (DK) crossed above their 200 ...
BRY Crosses Critical Technical Indicator
By Energy Stock Channel Staff, Thursday, November 1, 3:14 PM ET
In trading on Thursday, shares of Berry Petroleum Co (BRY) entered into oversold territory, changing hands as low as $34.29 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 Berry Petroleum Co, the RSI reading has hit 26.0 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 45.5, the RSI of WTI Crude Oil is at 31.6, and the RSI of Henry Hub Natural Gas is presently 65.6.
A bullish investor could look at BRY's 26.0 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), BRY's low point in its 52 week range is $31.92 per share, with $57.26 as the 52 week high point — that compares with a last trade of $34.46. Berry Petroleum Co shares are currently trading down about 10.8% on the day.
According to the ETF Finder at ETF Channel, BRY makes up 1.38% of the SPDR S&P Oil & Gas Exploration & Production ETF (AMEX:XOP) which is trading up by about 0.4% on the day Thursday.
See what other ETFs contain BRY »
See what other stocks are held by XOP »
Special Offer: Manage the risks of the markets better with a free 30 day trial to the Multi-Asset Class Risk Management Portfolio.
This Article's Word Cloud: