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|OIH, HAL, FTI, TS: ETF Outflow Alert
Tuesday, April 19, 11:02 AM ET, by Market News Video Staff
Symbols mentioned in this story: OIH, HAL, FTI, TS Exchange traded funds (ETFs) trade just ...
Noteworthy ETF Inflows: OIH, HAL, WFT, BHI
Monday, May 2, 11:04 AM ET, by Market News Video Staff
Symbols mentioned in this story: OIH, HAL, WFT, BHI Exchange traded funds (ETFs) trade just ...
Schlumberger Breaks Below 200-Day Moving Average - Notable for SLB
Monday, May 9, 10:59 AM ET, by Market News Video Staff
In trading on Monday, shares of Schlumberger Ltd. (SLB) crossed below their 200 day moving ...
Oil Services (OIH) Shares Cross Above 200 DMA
Tuesday, May 17, 10:52 AM ET, by Market News Video Staff
In trading on Tuesday, shares of the Oil Services ETF (OIH) crossed above their 200 ...
Ex-Dividend Reminder: Equifax, Hecla Mining and Tenaris
Thursday, May 19, 9:59 AM ET, by Market News Video Staff
On 5/23/16, Equifax Inc (EFX), Hecla Mining Co. (HL), and Tenaris SA (TS) will all ...
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.
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