Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Shares of INT Now Oversold
Monday, June 13, 3:52 PM ET, by Market News Video Staff
In trading on Monday, shares of World Fuel Services Corp. (INT) entered into oversold territory, ...
First Trust Energy AlphaDEX Fund (FXN) Shares Cross Below 200 DMA
Thursday, June 16, 10:51 AM ET, by Market News Video Staff
In trading on Thursday, shares of the First Trust Energy AlphaDEX Fund ETF (FXN) crossed ...
Notable ETF Inflow Detected - FV, FDN, FXG, FXN
Monday, June 20, 11:16 AM ET, by Market News Video Staff
Symbols mentioned in this story: FV, FDN, FXG, FXN Exchange traded funds (ETFs) trade just ...
Commit To Purchase Unit Corp. At $12.50, Earn 23.6% Annualized Using Options
Monday, June 20, 11:36 AM ET, by Market News Video Staff
Investors considering a purchase of Unit Corp. (UNT) stock, but tentative about paying the going ...
Noteworthy Wednesday Option Activity: ALR, UNT, FORM
Wednesday, June 22, 3:27 PM ET, by Market News Video Staff
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
Shares of UNT Now Oversold
By Energy Stock Channel Staff, Friday, June 22, 11:23 AM ET
In trading on Friday, shares of Unit Corp. (NYSE:UNT) entered into oversold territory, changing hands as low as $33.645 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 Unit Corp., the RSI reading has hit 29.8 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 45.0, the RSI of WTI Crude Oil is at 26.6, and the RSI of Henry Hub Natural Gas is presently 59.1.
A bullish investor could look at UNT's 29.8 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), UNT's low point in its 52 week range is $33.56 per share, with $62.74 as the 52 week high point — that compares with a last trade of $33.77. Unit Corp. shares are currently trading down about 0.9% on the day.
According to the ETF Finder at ETF Channel, UNT makes up 2.94% of the First Trust Energy AlphaDEX Fund ETF (AMEX:FXN) which is trading up by about 0.1% on the day Friday.
See what other ETFs contain UNT »
See what other stocks are held by FXN »
Special Offer: Manage the risks of the markets better with a free 30 day trial to the Strategic Risk Management System.
This Article's Word Cloud: