 |
 |
 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Shares of ELB Now OversoldBy Energy Stock Channel Staff, Thursday, June 14, 3:49 PM ET
In trading on Thursday, shares of Entergy Lousiana LLC (NYSE:ELB) entered into oversold territory, changing hands as low as $26.29 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 Entergy Lousiana LLC, 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 44.5, the RSI of WTI Crude Oil is at 32.6, and the RSI of Henry Hub Natural Gas is presently 56.1. A bullish investor could look at ELB'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), ELB's low point in its 52 week range is $23.20 per share, with $28.94 as the 52 week high point — that compares with a last trade of $26.37. Entergy Lousiana LLC shares are currently trading down about 1.3% on the day.
Special Offer: Manage the risks of the markets better with a free 30 day trial to the Multi-Asset Class Risk Management Portfolio.
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
Class
Energy
Entergy
Lousiana
Manage
Management
Offer
Oversold
Portfolio
Relative
Risk
Stock
about
analysis
below
bullish
comparison
considered
could
currently
down
free
hands
heavy
look
momentum
opportunities
oversold
performance
point
process
range
raquo
reading
recent
scale
selling
share
shares
slideshow
stocks
territory
that
trading
universe
using
week
with
year
zero
|
Now Playing:
Learn About The RSI
Start slideshow: