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|Unit Breaks Above 200-Day Moving Average - Bullish for UNT
Wednesday, April 27, 11:20 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Unit Corp. (UNT) crossed above their 200 day moving ...
First Trust Energy AlphaDEX Fund Experiences Big Inflow
Monday, May 2, 11:03 AM ET, by Market News Video Staff
Symbols mentioned in this story: FXN, AR, WLL, MPC Exchange traded funds (ETFs) trade just ...
Short Interest Expands By 17.5% For UNT
Monday, May 2, 3:54 PM ET, by Market News Video Staff
The most recent short interest data has been released for the 04/15/2016 settlement date, which ...
Implied FXN Analyst Target Price: $17
Tuesday, May 10, 7:35 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
World Fuel Services (INT) Shares Enter Oversold Territory
Friday, May 13, 3:58 PM ET, by Market News Video Staff
In trading on Friday, shares of World Fuel Services Corp. (INT) entered into oversold territory, ...
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.
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