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|XOP Crowded With Sellers
Wednesday, March 8, 4:17 PM ET, by Market News Video Staff
In trading on Wednesday, shares of the SPDR S&P Oil & Gas Exploration & Production ...
Shares of WLL Now Oversold
Wednesday, March 8, 4:19 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Whiting Petroleum Corp (WLL) entered into oversold territory, changing ...
Whiting Petroleum (WLL) Shares Cross Below 200 DMA
Wednesday, March 8, 4:26 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Whiting Petroleum Corp (WLL) crossed below their 200 day ...
Analysts Expect 34% Gains Ahead For The Holdings of XOP
Thursday, March 9, 8:58 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Resolute Energy Becomes Oversold (REN)
Friday, March 10, 4:21 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
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.
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