|
Featured MNV Articles:
| VET Crosses Critical Technical IndicatorBy Energy Stock Channel Staff, Monday, February 5, 11:25 AM ET
In trading on Monday, shares of Vermilion Energy Inc (NYSE:VET) entered into oversold territory, changing hands as low as $9.815 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 Vermilion Energy Inc, the RSI reading has hit 28.4 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 41.7, the RSI of WTI Crude Oil is at 42.9, the RSI of Henry Hub Natural Gas is presently 37.6, and the 3-2-1 Crack Spread RSI is 44.1. A bullish investor could look at VET's 28.4 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), VET's low point in its 52 week range is $9.815 per share, with $15.98 as the 52 week high point — that compares with a last trade of $9.94. Vermilion Energy Inc shares are currently trading down about 3.3% on the day.
Free Report: Top 8%+ Dividends (paid monthly)
This Article's Word Cloud:
Channel
Crack
Crude
Dividends
Energy
Free
Henry
Index
Looking
Monday
NYSE
Natural
Oversold
Relative
Report
Spread
Start
Stock
Stocks
Strength
Vermilion
about
analysis
average
begin
below
bullish
case
changing
chart
compares
comparison
considered
could
covered
currently
define
down
look
mdash
oversold
point
reading
share
shares
territory
that
trading
week
with
|