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|Oasis Petroleum (OAS) Shares Enter Oversold Territory
Tuesday, January 12, 3:52 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Oasis Petroleum Inc. (OAS) entered into oversold territory, changing ...
SPDR S&P Oil & Gas Exploration & Production ETF Experiences Big Outflow
Wednesday, January 13, 10:53 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, SWN, CHK, QEP Exchange traded funds (ETFs) trade just ...
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Wednesday, January 20, 11:32 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Memorial Resource Development Corp (MRD) entered into oversold territory, ...
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Thursday, January 21, 11:02 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, SWN, GPOR, AR Exchange traded funds (ETFs) trade just ...
Interesting XOP Put And Call Options For September 16th
Friday, January 22, 10:46 AM ET, by Market News Video Staff
Investors in SPDR S&P Oil & Gas Exploration & Production ETF (XOP) saw new options ...
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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