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|Shares of TTI Now Oversold
Thursday, January 9, 4:00 PM ET, by Market News Video Staff
In trading on Thursday, shares of TETRA Technologies, Inc. (TTI) entered into oversold territory, changing ...
TTI Makes Notable Cross Below Critical Moving Average
Friday, January 10, 11:07 AM ET, by Market News Video Staff
In trading on Friday, shares of TETRA Technologies, Inc. (TTI) crossed below their 200 day ...
Notable Two Hundred Day Moving Average Cross - CKH
Tuesday, January 21, 4:24 PM ET, by Market News Video Staff
In trading on Tuesday, shares of SEACOR Holdings Inc (CKH) crossed below their 200 day ...
CKH Stock Crowded With Sellers
Thursday, January 23, 12:32 PM ET, by Market News Video Staff
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Friday, January 24, 12:46 PM ET, by Market News Video Staff
In trading on Friday, shares of Pioneer Energy Services Corp (PES) crossed below their last ...
Shares of CRK Now Oversold
By Energy Stock Channel Staff, Tuesday, February 12, 3:50 PM ET
In trading on Tuesday, shares of Comstock Resources, Inc. (NYSE:CRK) entered into oversold territory, changing hands as low as $13.02 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 Comstock Resources, Inc., the RSI reading has hit 27.9 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 59.9, the RSI of WTI Crude Oil is at 64.8, and the RSI of Henry Hub Natural Gas is presently 42.0.
A bullish investor could look at CRK's 27.9 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), CRK's low point in its 52 week range is $12.45 per share, with $21.16 as the 52 week high point — that compares with a last trade of $13.08. Comstock Resources, Inc. shares are currently trading off about 8% on the day.
According to the ETF Finder at ETF Channel, CRK makes up 2.83% of the S&P SmallCap Energy Portfolio ETF (NASDAQ:PSCE) which is trading lower by about 0.5% on the day Tuesday.
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