 |
 |
 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Ormat Technologies Inc Stock Getting Very OversoldBy Energy Stock Channel Staff, Friday, November 16, 1:26 PM ET
In trading on Friday, shares of Ormat Technologies Inc (NYSE:ORA) entered into oversold territory, changing hands as low as $16.67 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 Ormat Technologies Inc, the RSI reading has hit 29.0 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 34.1, the RSI of WTI Crude Oil is at 46.1, and the RSI of Henry Hub Natural Gas is presently 58.4. A bullish investor could look at ORA's 29.0 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), ORA's low point in its 52 week range is $16.01 per share, with $22.24 as the 52 week high point — that compares with a last trade of $16.85. Ormat Technologies Inc shares are currently trading off about 1.5% on the day.
According to the ETF Finder at ETF Channel, ORA makes up 2.65% of the WilderHill Clean Energy Portfolio ETF (AMEX:PBW) which is trading lower by about 1.9% on the day Friday. See what other ETFs contain ORA » Special Offer: Manage the risks of the markets better with a free 30 day trial to the Strategic Risk Management System.
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
AMEX
According
Channel
Clean
ETFs
Energy
Friday
Manage
Management
Ormat
Oversold
Portfolio
Relative
Risk
Technologies
WilderHill
about
analysis
below
bullish
comparison
could
currently
hands
heavy
look
momentum
opportunities
other
oversold
point
process
range
raquo
reading
recent
scale
share
shares
slideshow
stocks
territory
that
trading
week
what
which
with
year
zero
|
Now Playing:
Learn About The RSI
Start slideshow: