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|Ultra Petroleum Corp. Stock Getting Very Oversold
Tuesday, October 29, 11:29 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Ultra Petroleum Corp. (UPL) entered into oversold territory, changing ...
January 2016 Options Now Available For Ultra Petroleum Corp. (UPL)
Monday, November 11, 12:35 PM ET, by Market News Video Staff
Investors in Ultra Petroleum Corp. (UPL) saw new options become available today, for the January ...
Bullish Two Hundred Day Moving Average Cross - UPL
Monday, November 25, 4:08 PM ET, by Market News Video Staff
In trading on Monday, shares of Ultra Petroleum Corp. (UPL) crossed above their 200 day ...
Ultra Petroleum Corp. (UPL) Shares Cross Above 200 DMA
Thursday, December 19, 4:08 PM ET, by Market News Video Staff
In trading on Thursday, shares of Ultra Petroleum Corp. (UPL) crossed above their 200 day ...
Interesting UPL Put And Call Options For February 2014
Tuesday, December 24, 10:59 AM ET, by Market News Video Staff
Investors in Ultra Petroleum Corp. (UPL) saw new options become available this week, for the ...
Shares of UPL Now Oversold
By Energy Stock Channel Staff, Friday, November 30, 6:13 PM ET
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.
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 »
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