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Precision Drilling (PDS) Shares Enter Oversold Territory
Wednesday, May 31, 3:58 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Precision Drilling Corp. (PDS) entered into oversold territory, changing ...

Precision Drilling (PDS) Shares Cross Above 200 DMA
Thursday, July 27, 11:01 AM ET, by Market News Video Staff

In trading on Thursday, shares of Precision Drilling Corp. (PDS) crossed above their 200 day ...

Precision Drilling (PDS) Shares Cross Below 200 DMA
Wednesday, October 4, 11:21 AM ET, by Market News Video Staff

In trading on Wednesday, shares of Precision Drilling Corp. (PDS) crossed below their 200 day ...

Precision Drilling (PDS) Shares Enter Oversold Territory
Wednesday, October 4, 11:23 AM ET, by Market News Video Staff

In trading on Wednesday, shares of Precision Drilling Corp. (PDS) entered into oversold territory, changing ...

PDS Stock Crowded With Sellers
Thursday, October 26, 11:26 AM ET, by Market News Video Staff

In trading on Thursday, shares of Precision Drilling Corp. (PDS) entered into oversold territory, changing ...

PDS Stock Crowded With Sellers

By Energy Stock Channel Staff, Friday, November 19, 11:56 AM ET
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In trading on Friday, shares of Precision Drilling Corp. (NYSE:PDS) entered into oversold territory, changing hands as low as $35.25 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 Precision Drilling Corp., the RSI reading has hit 29.6 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 43.8, the RSI of WTI Crude Oil is at 39.9, the RSI of Henry Hub Natural Gas is presently 41.9, and the 3-2-1 Crack Spread RSI is 39.4.

A bullish investor could look at PDS's 29.6 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), PDS's low point in its 52 week range is $15.60 per share, with $50.42 as the 52 week high point — that compares with a last trade of $35.70. Precision Drilling Corp. shares are currently trading off about 2.7% on the day.

Precision Drilling Corp. 1 Year Performance Chart


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