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|Notable ETF Inflow Detected - XOP, HFC, TSO, CVI
Monday, September 21, 11:14 AM ET, by Market News Video Staff
Symbols mentioned in this story: XOP, HFC, TSO, CVI Exchange traded funds (ETFs) trade just ...
MRD Makes Notable Cross Below Critical Moving Average
Monday, September 21, 4:43 PM ET, by Market News Video Staff
In trading on Monday, shares of Memorial Resource Development Corp (MRD) crossed below their 200 ...
SPDR S&P Oil & Gas Exploration & Production ETF -- Insider Buying Index Registering 19.9%
Wednesday, September 23, 9:48 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the SPDR S&P Oil & Gas Exploration ...
Kosmos Energy Shares Enter Oversold Territory
Friday, September 25, 11:24 AM ET, by Market News Video Staff
In trading on Friday, shares of Kosmos Energy Ltd (KOS) entered into oversold territory, changing ...
Notable Two Hundred Day Moving Average Cross - CPE
Friday, September 25, 4:01 PM ET, by Market News Video Staff
In trading on Friday, shares of Callon Petroleum Co. (CPE) crossed below their 200 day ...
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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