Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Ex-Div Reminder for Schlumberger
Wednesday, February 10, 10:25 AM ET, by Market News Video Staff
On 2/12/16, Schlumberger Ltd. (SLB) will trade ex-dividend, for its quarterly dividend of $0.50, payable ...
OIH, HAL, BHI, CAM: ETF Inflow Alert
Thursday, February 18, 10:50 AM ET, by Market News Video Staff
Symbols mentioned in this story: OIH, HAL, BHI, CAM Exchange traded funds (ETFs) trade just ...
Analysts Forecast 24% Upside For ARGT
Tuesday, February 23, 8:09 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Interesting OIH Put And Call Options For October 21st
Tuesday, February 23, 10:49 AM ET, by Market News Video Staff
Investors in Oil Services ETF (OIH) saw new options begin trading this week, for the ...
OIH: Large Outflows Detected at ETF
Tuesday, March 8, 10:58 AM ET, by Market News Video Staff
Symbols mentioned in this story: OIH Exchange traded funds (ETFs) trade just like stocks, but ...
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: