 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Shares of OGE Now OversoldBy Energy Stock Channel Staff, Tuesday, September 28, 1:13 PM ET
In trading on Tuesday, shares of OGE Energy Corp (NYSE:OGE) entered into oversold territory, changing hands as low as $33.115 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 OGE Energy Corp, the RSI reading has hit 28.7 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 53.4, the RSI of WTI Crude Oil is at 64.9, the RSI of Henry Hub Natural Gas is presently 71.9, and the 3-2-1 Crack Spread RSI is 36.2. A bullish investor could look at OGE's 28.7 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), OGE's low point in its 52 week range is $29.18 per share, with $36.74 as the 52 week high point — that compares with a last trade of $33.23. OGE Energy Corp shares are currently trading down about 0.6% on the day.
Can your brain be trained to become a chart-predicting wizard? Click here to find out
This Article's Word Cloud:
Channel
Click
Corp
Crack
Crude
Energy
Henry
Index
Looking
NYSE
Natural
Oversold
Relative
Spread
Start
Stock
Stocks
Strength
Tuesday
about
analysis
average
become
begin
below
brain
bullish
case
changing
chart
compares
comparison
considered
could
covered
currently
define
down
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: