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|Williams Partners (WPZ) Shares Enter Oversold Territory
Thursday, December 11, 3:56 PM ET, by Market News Video Staff
In trading on Thursday, shares of Williams Partners L.P. (WPZ) entered into oversold territory, changing ...
Sunoco Logistics Partners Stock Getting Very Oversold
Monday, December 15, 11:28 AM ET, by Market News Video Staff
In trading on Monday, shares of Sunoco Logistics Partners L.P. (SXL) entered into oversold territory, ...
APL Falls to Levels Below Book Value
Tuesday, December 16, 1:09 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Atlas Pipeline Partners LP (APL) crossed below their last ...
Pick Up This Bargain Energy Stock Even Cheaper Than Director Bray Did
Wednesday, December 17, 10:24 AM ET, by Market News Video Staff
There's an old saying on Wall Street about insider buying: there are many possible reasons ...
Bullish Two Hundred Day Moving Average Cross - BWP
Wednesday, December 17, 11:13 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Boardwalk Pipeline Partners LP (BWP) crossed above their 200 ...
APL Stock Crowded With Sellers
By Energy Stock Channel Staff, Monday, November 12, 4:09 PM ET
In trading on Monday, shares of Atlas Pipeline Partners LP (NYSE:APL) entered into oversold territory, changing hands as low as $31.60 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 Atlas Pipeline 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 37.3, the RSI of WTI Crude Oil is at 42.3, and the RSI of Henry Hub Natural Gas is presently 59.2.
A bullish investor could look at APL'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), APL's low point in its 52 week range is $27.32 per share, with $40.89 as the 52 week high point — that compares with a last trade of $31.82. Atlas Pipeline Partners LP shares are currently trading down about 2.1% on the day.
According to the ETF Finder at ETF Channel, APL makes up 1.68% of the MLP ETF (AMEX:MLPA) which is trading relatively unchanged on the day Monday.
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