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|OIH March 14th Options Begin Trading
Thursday, February 6, 11:16 AM ET, by Market News Video Staff
Investors in Oil Services ETF (OIH) saw new options become available today, for the March ...
Noteworthy ETF Inflows: OIH, BHI, CAM, RIG
Monday, February 10, 11:03 AM ET, by Market News Video Staff
Symbols mentioned in this story: OIH, BHI, CAM, RIG Exchange traded funds (ETFs) trade just ...
CAM Makes Bullish Cross Above Critical Moving Average
Tuesday, February 11, 4:17 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Cameron International Corp (CAM) crossed above their 200 day ...
National Oilwell Varco Breaks Below 200-Day Moving Average - Notable for NOV
Tuesday, February 18, 11:41 AM ET, by Market News Video Staff
In trading on Tuesday, shares of National Oilwell Varco Inc (NOV) crossed below their 200 ...
OIH, NOV, BHI, CAM: Large Outflows Detected at ETF
Tuesday, February 18, 11:45 AM ET, by Market News Video Staff
Symbols mentioned in this story: OIH, NOV, BHI, CAM 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.
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