 |
 |
 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| ROYT Crosses Critical Technical IndicatorBy Energy Stock Channel Staff, Tuesday, November 13, 4:35 PM ET
In trading on Tuesday, shares of Pacific Coast Oil Trust (NYSE:ROYT) entered into oversold territory, changing hands as low as $16.66 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 Pacific Coast Oil Trust, the RSI reading has hit 27.7 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 37.7, the RSI of WTI Crude Oil is at 42.3, and the RSI of Henry Hub Natural Gas is presently 64.7. A bullish investor could look at ROYT's 27.7 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), ROYT's low point in its 52 week range is $15.75 per share, with $20.35 as the 52 week high point — that compares with a last trade of $17.04. Pacific Coast Oil Trust shares are currently trading off about 3.1% on the day.
Special Offer: Manage the risks of the markets better with a free 30 day trial to the Strategic Risk Management System.
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
Coast
Energy
Index
Manage
Management
Oversold
Pacific
ROYT
Relative
Risk
System
Trust
about
analysis
begin
below
bullish
case
comparison
considered
could
currently
energy
free
hands
heavy
itself
look
momentum
opportunities
oversold
point
process
range
raquo
reading
recent
scale
share
shares
slideshow
stocks
territory
that
trading
trial
week
with
year
zero
|
Now Playing:
Learn About The RSI
Start slideshow: