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|ENY Makes Notable Cross Below Critical Moving Average
Monday, December 2, 10:59 AM ET, by Market News Video Staff
In trading on Monday, shares of the Guggenheim Canadian Energy Income ETF (ENY) crossed below ...
Cenovus Energy Inc. (CVE) Shares Cross Above 200 DMA
Thursday, December 5, 4:16 PM ET, by Market News Video Staff
In trading on Thursday, shares of Cenovus Energy Inc. (CVE) crossed above their 200 day ...
Cash Dividend On The Way From Canadian Natural Resources Ltd. (CNQ.CA)
Monday, December 9, 11:34 AM ET, by Market News Video Staff
On 12/11/13, Canadian Natural Resources Ltd. (CNQ.CA) will trade ex-dividend, for its quarterly dividend of ...
Shares of BTE Now Oversold
Tuesday, December 17, 11:33 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Baytex Energy Corp (BTE) entered into oversold territory, changing ...
Cenovus Energy Inc. Stock Getting Very Oversold
Tuesday, December 17, 4:10 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Cenovus Energy Inc. (CVE) entered into oversold territory, changing ...
Shares of ERF Now Oversold
By Energy Stock Channel Staff, Friday, November 9, 1:42 PM ET
In trading on Friday, shares of Enerplus Corp (NYSE:ERF) entered into oversold territory, changing hands as low as $12.72 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 Enerplus Corp, the RSI reading has hit 20.8 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 38.4, the RSI of WTI Crude Oil is at 39.6, and the RSI of Henry Hub Natural Gas is presently 59.0.
A bullish investor could look at ERF's 20.8 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), ERF's low point in its 52 week range is $11.35 per share, with $28.29 as the 52 week high point — that compares with a last trade of $13.13. Enerplus Corp shares are currently trading down about 12.4% on the day.
According to the ETF Finder at ETF Channel, ERF makes up 3.28% of the Guggenheim Canadian Energy Income ETF (AMEX:ENY) which is trading lower by about 0.1% on the day Friday.
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