 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Pinnacle West Capital Corp (PNW) Shares Enter Oversold TerritoryBy Energy Stock Channel Staff, Monday, August 7, 11:25 AM ET
In trading on Monday, shares of Pinnacle West Capital Corp (NYSE:PNW) entered into oversold territory, changing hands as low as $77.54 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 Pinnacle West Capital Corp, the RSI reading has hit 28.8 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 53.4, the RSI of WTI Crude Oil is at 63.4, the RSI of Henry Hub Natural Gas is presently 55.9, and the 3-2-1 Crack Spread RSI is 23.4. A bullish investor could look at PNW's 28.8 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), PNW's low point in its 52 week range is $59.03 per share, with $86.03 as the 52 week high point — that compares with a last trade of $77.94. Pinnacle West Capital Corp shares are currently trading down about 0.8% on the day.
The PNW RSI information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly)
This Article's Word Cloud:
Capital
Channel
Corp
Crack
Crude
Dividends
Energy
Free
Henry
Index
Looking
Monday
NYSE
Natural
Oversold
Pinnacle
Relative
Report
Spread
Start
Stock
Stocks
Strength
TechnicalAnalysisChannel
West
about
above
analysis
average
begin
below
bullish
case
changing
chart
compares
comparison
currently
look
mdash
oversold
point
reading
share
shares
territory
that
trading
week
with
|
Play Video:
Learn About The RSI
Free Email Alerts By Stock:
Start slideshow: