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|SPDR S&P Oil & Gas Exploration & Production Getting Very Oversold
Thursday, August 17, 3:56 PM ET, by Market News Video Staff
In trading on Thursday, shares of the SPDR S&P Oil & Gas Exploration & Production ...
Noteworthy ETF Outflows: XOP, RICE, HFC, EQT
Wednesday, August 23, 1:30 PM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, RICE, HFC, EQT Exchange traded funds (ETFs) trade just ...
XOP, RICE, HFC, COG: Large Outflows Detected at ETF
Thursday, August 31, 10:48 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, RICE, HFC, COG Exchange traded funds (ETFs) trade just ...
The Implied Analyst 12-Month Target For XOP
Thursday, September 7, 9:23 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Investors Snag AR 38.4% Lower Than Its Secondary Stock Offering
Friday, September 8, 10:11 AM ET, by Market News Video Staff
Looking back to 2 days ago, Antero Resources Corp (AR) priced a 10,000,000 share secondary ...
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 »
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