 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| RGCO Crosses Critical Technical IndicatorBy Energy Stock Channel Staff, Thursday, March 23, 3:49 PM ET
In trading on Thursday, shares of RGC Resources, Inc. (NASDAQ:RGCO) entered into oversold territory, changing hands as low as $22.14 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 RGC Resources, Inc., the RSI reading has hit 24.8 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 38.1, the RSI of WTI Crude Oil is at 39.9, the RSI of Henry Hub Natural Gas is presently 38.2, and the 3-2-1 Crack Spread RSI is 31.3. A bullish investor could look at RGCO's 24.8 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), RGCO's low point in its 52 week range is $18.01 per share, with $24.5499 as the 52 week high point — that compares with a last trade of $22.59. RGC Resources, Inc. shares are currently trading down about 5% on the day.
Free Report: Top 8%+ Dividends (paid monthly)
This Article's Word Cloud:
Channel
Crack
Crude
Dividends
Energy
Free
Henry
Index
Looking
Natural
Oversold
RGCO
Relative
Report
Resources
Spread
Start
Stock
Stocks
Strength
Thursday
about
analysis
average
begin
below
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: