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Ex-Dividend Reminder: Imperial Oil, Trane Technologies and Patterson-UTI Energy
Tuesday, May 30, 11:01 AM ET, by Market News Video Staff

On 6/1/23, Imperial Oil Ltd (IMO), Trane Technologies plc (TT), and Patterson-UTI Energy Inc. (PTEN) ...

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Imperial Oil Breaks Below 200-Day Moving Average - Notable for IMO
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In trading on Thursday, shares of Imperial Oil Ltd (IMO) crossed below their 200 day ...

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IMO Stock Crowded With Sellers

By Energy Stock Channel Staff, Tuesday, July 27, 4:10 PM ET
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In trading on Tuesday, shares of Imperial Oil Ltd (AMEX:IMO) entered into oversold territory, changing hands as low as $26.54 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 Imperial Oil Ltd, the RSI reading has hit 28.9 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 45.0, the RSI of WTI Crude Oil is at 51.1, the RSI of Henry Hub Natural Gas is presently 64.6, and the 3-2-1 Crack Spread RSI is 63.7.

A bullish investor could look at IMO's 28.9 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), IMO's low point in its 52 week range is $11.16 per share, with $35.20 as the 52 week high point — that compares with a last trade of $26.59. Imperial Oil Ltd shares are currently trading down about 2.9% on the day.

Imperial Oil Ltd 1 Year Performance Chart


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