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AquaVenture Holdings (WAAS) Shares Enter Oversold Territory

By Energy Stock Channel Staff, Tuesday, July 9, 11:25 AM ET
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In trading on Tuesday, shares of AquaVenture Holdings Ltd (NYSE:WAAS) entered into oversold territory, changing hands as low as $16.59 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 AquaVenture Holdings Ltd, the RSI reading has hit 28.3 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 49.8, the RSI of WTI Crude Oil is at 48.1, the RSI of Henry Hub Natural Gas is presently 52.4, and the 3-2-1 Crack Spread RSI is 49.7.

A bullish investor could look at WAAS's 28.3 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), WAAS's low point in its 52 week range is $15.30 per share, with $23.35 as the 52 week high point — that compares with a last trade of $17.02. AquaVenture Holdings Ltd shares are currently trading down about 9.7% on the day.

AquaVenture Holdings Ltd 1 Year Performance Chart


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This Article's Word Cloud:   AquaVenture   Channel   Click   Crack   Crude   Energy   Henry   Holdings   Index   Looking   NYSE   Natural   Oversold   Relative   Spread   Start   Stock   Stocks   Strength   Tuesday   WAAS   about   analysis   average   become   begin   below   brain   bullish   case   changing   chart   compares   comparison   considered   could   covered   currently   look   mdash   oversold   point   reading   share   shares   territory   that   trading   week   with

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