 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| AMTX Stock Crowded With SellersBy Energy Stock Channel Staff, Wednesday, August 4, 3:54 PM ET
In trading on Wednesday, shares of Aemetis Inc (NASDAQ:AMTX) entered into oversold territory, changing hands as low as $8.39 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 Aemetis Inc, 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 45.1, the RSI of WTI Crude Oil is at 38.5, the RSI of Henry Hub Natural Gas is presently 70.8, and the 3-2-1 Crack Spread RSI is 62.5. A bullish investor could look at AMTX'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), AMTX's low point in its 52 week range is $1.22 per share, with $27.44 as the 52 week high point — that compares with a last trade of $8.44. Aemetis Inc shares are currently trading off about 6.1% on the day.
Free Report: Top 7%+ Dividends (paid monthly)
This Article's Word Cloud:
AMTX
Aemetis
Channel
Crack
Crude
Dividends
Energy
Free
Henry
Index
Looking
Natural
Oversold
Relative
Report
Spread
Start
Stock
Stocks
Strength
Wednesday
about
analysis
average
begin
below
bullish
case
changing
chart
compares
comparison
considered
could
covered
currently
define
energy
look
mdash
oversold
point
reading
share
shares
territory
that
trading
week
with
|
Play Video:
Learn About The RSI
Free Email Alerts By Stock:
Start slideshow: