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|EQT Midstream Partners Enters Oversold Territory
Thursday, March 12, 4:01 PM ET, by Market News Video Staff
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
Investors Grab EQM Even Cheaper Than Its Secondary Stock Offering
Friday, March 13, 10:10 AM ET, by Market News Video Staff
Looking back to 2 days ago, EQT Midstream Partners LP (EQM) priced a 8,250,000 share ...
WES Stock Crowded With Sellers
Friday, March 13, 11:28 AM ET, by Market News Video Staff
In trading on Friday, shares of Western Gas Partners LP (WES) entered into oversold territory, ...
TCP Crosses Below Key Moving Average Level
Monday, March 16, 11:08 AM ET, by Market News Video Staff
In trading on Monday, shares of TC PipeLines, LP (TCP) crossed below their 200 day ...
Investors Grab SXL Even Cheaper Than Its Secondary Stock Offering
Wednesday, March 18, 11:10 AM ET, by Market News Video Staff
Looking back to 7 days ago, Sunoco Logistics Partners L.P. (SXL) priced a 13,500,000 share ...
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 (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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