Energy Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Ultra Petroleum Larger Than S&P 500 Component Graham Holdings
Wednesday, August 13, 4:37 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Ultra ...

October 18th Options Now Available For Ultra Petroleum (UPL)
Monday, August 18, 12:25 PM ET, by Market News Video Staff

Investors in Ultra Petroleum Corp. (UPL) saw new options begin trading today, for the October ...

Ultra Petroleum Breaks Below 200-Day Moving Average - Notable for UPL
Wednesday, September 10, 11:14 AM ET, by Market News Video Staff

In trading on Wednesday, shares of Ultra Petroleum Corp. (UPL) crossed below their 200 day ...

GASL Crowded With Sellers
Monday, September 22, 11:19 AM ET, by Market News Video Staff

In trading on Monday, shares of the Daily Natural Gas Related Bull 3x Shares ETF ...

Interesting UPL Put And Call Options For November 22nd
Tuesday, September 23, 11:51 AM ET, by Market News Video Staff

Investors in Ultra Petroleum Corp. (UPL) saw new options begin trading this week, for the ...

  More articles:  1 2 3 4 5 6 7 next »

Shares of UPL Now Oversold

By Energy Stock Channel Staff, Friday, November 30, 6:13 PM ET
Play Video: Learn About The RSI

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In trading on Friday, shares of Ultra Petroleum Corp. (NYSE:UPL) entered into oversold territory, changing hands as low as $19.85 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 Ultra Petroleum Corp., the RSI reading has hit 28.8 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 50.2, the RSI of WTI Crude Oil is at 52.7, and the RSI of Henry Hub Natural Gas is presently 43.5.

A bullish investor could look at UPL's 28.8 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), UPL's low point in its 52 week range is $17.62 per share, with $35.46 as the 52 week high point that compares with a last trade of $19.91. Ultra Petroleum Corp. shares are currently trading off about 1.9% on the day.

Ultra Petroleum Corp. 1 Year Performance Chart

According to the ETF Finder at ETF Channel, UPL makes up 1.97% of the Daily Natural Gas Related Bull 3x Shares ETF (AMEX:GASL) which is trading lower by about 2.9% on the day Friday.

See what other ETFs contain UPL
See what other stocks are held by GASL

Special Offer: Manage the risks of the markets better with a free 30 day trial to the Multi-Asset Class Risk Management Portfolio.

This Article's Word Cloud:   Channel   Corp   Definition   ETFs   Earnings   Energy   Finder   Friday   GASL   Index   Management   Natural   Oversold   Petroleum   Price   Related   Relative   Start   Stock   Strength   Ultra   about   below   better   bullish   changing   currently   entered   entry   heavy   held   look   makes   markets   other   oversold   point   reading   share   shares   sign   stocks   technical   territory   that   trading   week   what   which   with

Shares of UPL Now Oversold | | Copyright © 2010 - 2015, All Rights Reserved

Nothing in Energy Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.