Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|OIH Makes Notable Cross Below Critical Moving Average
Friday, September 23, 3:51 PM ET, by Market News Video Staff
In trading on Friday, shares of the Oil Services ETF (OIH) crossed below their 200 ...
Notable ETF Inflow Detected - OIH, HAL, BHI, NOV
Monday, September 26, 11:16 AM ET, by Market News Video Staff
Symbols mentioned in this story: OIH, HAL, BHI, NOV Exchange traded funds (ETFs) trade just ...
SLB Makes Notable Cross Below Critical Moving Average
Tuesday, September 27, 10:55 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Schlumberger Ltd. (SLB) crossed below their 200 day moving ...
NBR Breaks Above 2% Yield Territory
Monday, October 3, 3:16 PM ET, by Market News Video Staff
In trading on Monday, shares of Nabors Industries Ltd. (NBR) were yielding above the 2% ...
Oil Services ETF Experiences Big Inflow
Tuesday, October 4, 10:45 AM ET, by Market News Video Staff
Symbols mentioned in this story: OIH, HAL, NOV, BHI Exchange traded funds (ETFs) trade just ...
TS Stock Crowded With Sellers
By Energy Stock Channel Staff, Wednesday, November 14, 4:21 PM ET
In trading on Wednesday, shares of Tenaris SA (NYSE:TS) entered into oversold territory, changing hands as low as $36.12 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 Tenaris SA, the RSI reading has hit 30.0 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 34.7, the RSI of WTI Crude Oil is at 44.5, and the RSI of Henry Hub Natural Gas is presently 62.5.
A bullish investor could look at TS's 30.0 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), TS's low point in its 52 week range is $29.79 per share, with $44.88 as the 52 week high point — that compares with a last trade of $36.17. Tenaris SA shares are currently trading off about 0.8% on the day.
According to the ETF Finder at ETF Channel, TS makes up 3.93% of the Oil Services ETF (AMEX:OIH) which is trading lower by about 1.2% on the day Wednesday.
See what other ETFs contain TS »
See what other stocks are held by OIH »
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: