Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|DO Crosses Below Key Moving Average Level
Wednesday, July 27, 4:12 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Diamond Offshore Drilling, Inc. (DO) crossed below their 200 ...
Frank's International (FI) Shares Enter Oversold Territory
Thursday, July 28, 11:23 AM ET, by Market News Video Staff
In trading on Thursday, shares of Frank's International NV (FI) entered into oversold territory, changing ...
RSI Alert: Navigator Holdings (NVGS) Now Oversold
Thursday, July 28, 4:30 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Analysts Anticipate 15% Upside For PXJ
Monday, August 1, 7:49 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Transocean Partners About To Put More Money In Your Pocket (RIGP)
Tuesday, August 9, 10:09 AM ET, by Market News Video Staff
On 8/11/16, Transocean Partners LLC (RIGP) will trade ex-dividend, for its quarterly dividend of $0.3625, ...
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.
See what other ETFs contain WFT »
See what other stocks are held by PXJ »
Special Offer: Manage the risks of the markets better with a free 30 day trial to the Multi-Asset Class Risk Management Portfolio.
This Article's Word Cloud: