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|Nabors Industries About To Put More Money In Your Pocket (NBR)
Tuesday, June 3, 10:20 AM ET, by Market News Video Staff
On 6/5/14, Nabors Industries Ltd. (NBR) will trade ex-dividend, for its quarterly dividend of $0.04, ...
Key Energy Services (KEG) Shares Cross Below Book Value
Thursday, June 5, 4:32 PM ET, by Market News Video Staff
In trading on Thursday, shares of Key Energy Services, Inc. (KEG) crossed below their last ...
Bullish Two Hundred Day Moving Average Cross - PKD
Monday, June 9, 4:11 PM ET, by Market News Video Staff
In trading on Monday, shares of Parker Drilling Co. (PKD) crossed above their 200 day ...
Bullish Two Hundred Day Moving Average Cross - RIG
Tuesday, June 17, 3:58 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Transocean Ltd. (RIG) crossed above their 200 day moving ...
Interesting WFT Put And Call Options For February 2015
Monday, June 23, 11:30 AM ET, by Market News Video Staff
Investors in Weatherford International plc (WFT) saw new options begin trading today, for the February ...
Shares of WFT Now Oversold
By Energy Stock Channel Staff, Tuesday, November 13, 12:12 PM ET
In trading on Tuesday, shares of Weatherford International, Ltd. (NYSE:WFT) entered into oversold territory, changing hands as low as $9.39 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 Weatherford International, Ltd., 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 38.8, the RSI of WTI Crude Oil is at 42.0, and the RSI of Henry Hub Natural Gas is presently 64.2.
A bullish investor could look at WFT'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), WFT's low point in its 52 week range is $9.39 per share, with $18.33 as the 52 week high point — that compares with a last trade of $9.49. Weatherford International, Ltd. shares are currently trading off about 12.8% on the day.
According to the ETF Finder at ETF Channel, WFT makes up 4.89% of the Dynamic Oil & Gas Services Portfolio ETF (AMEX:PXJ) which is trading lower by about 0.8% on the day Tuesday.
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