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|Enbridge Energy Partners, L.P. (EEP) Shares Enter Oversold Territory
Thursday, February 20, 4:03 PM ET, by Market News Video Staff
In trading on Thursday, shares of Enbridge Energy Partners, L.P. (EEP) entered into oversold territory, ...
Top Buys by Top Brass: CEO Sheridan's $501.8K Bet on APU
Friday, February 21, 10:42 AM ET, by Market News Video Staff
A company's own top management tend to have the best inside view into the business, ...
KMP Crosses Critical Technical Indicator
Monday, February 24, 2:03 PM ET, by Market News Video Staff
In trading on Monday, shares of Kinder Morgan Energy Partners, L.P. (KMP) entered into oversold ...
First Week of RGP April 19th Options Trading
Tuesday, February 25, 11:54 AM ET, by Market News Video Staff
Investors in Regency Energy Partners LP (RGP) saw new options begin trading this week, for ...
Notable Two Hundred Day Moving Average Cross - MWE
Tuesday, February 25, 1:49 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Markwest Energy Partners L.P. (MWE) crossed below their 200 ...
Regency Energy Partners LP Stock Getting Very Oversold
By Energy Stock Channel Staff, Wednesday, December 5, 3:57 PM ET
In trading on Wednesday, shares of Regency Energy Partners LP (NYSE:RGP) entered into oversold territory, changing hands as low as $21.19 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 Regency Energy Partners LP, the RSI reading has hit 29.3 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 48.7, the RSI of WTI Crude Oil is at 46.8, and the RSI of Henry Hub Natural Gas is presently 52.4.
A bullish investor could look at RGP's 29.3 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), RGP's low point in its 52 week range is $20.61 per share, with $27.40 as the 52 week high point — that compares with a last trade of $21.30. Regency Energy Partners LP shares are currently trading down about 0.9% on the day.
According to the ETF Finder at ETF Channel, RGP makes up 3.25% of the MLP ETF (AMEX:MLPA) which is trading relatively unchanged on the day Wednesday.
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