Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Use Options For a Chance To Buy REN at a 28% Discount
Tuesday, October 22, 11:47 AM ET, by Market News Video Staff
Looking back to 166 days ago, Resolute Energy Corp (REN) priced a 13,250,000 share secondary ...
This ETF Holds Stocks Insiders Want to Own
Thursday, October 24, 9:39 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the SPDR S&P Oil & Gas Exploration ...
First Week of XOP June 2014 Options Trading
Monday, October 28, 11:03 AM ET, by Market News Video Staff
Investors in SPDR S&P Oil & Gas Exploration & Production ETF (XOP) saw new options ...
Notable ETF Inflow Detected - XOP, MHR, OAS, AREX
Tuesday, October 29, 11:07 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, MHR, OAS, AREX Exchange traded funds (ETFs) trade just ...
EPL Oil & Gas Inc Breaks Below 200-Day Moving Average - Notable for EPL
Thursday, October 31, 11:39 AM ET, by Market News Video Staff
In trading on Thursday, shares of EPL Oil & Gas Inc (EPL) crossed below their ...
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 (NYSE: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: