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|Notable Two Hundred Day Moving Average Cross - WR
Friday, January 6, 11:08 AM ET, by Market News Video Staff
In trading on Friday, shares of Westar Energy Inc (WR) crossed below their 200 day ...
SCANA (SCG) Shares Cross Below 200 DMA
Monday, January 9, 4:02 PM ET, by Market News Video Staff
In trading on Monday, shares of SCANA Corp (SCG) crossed below their 200 day moving ...
Atmos Energy (ATO) Shares Cross Below 200 DMA
Monday, January 30, 4:12 PM ET, by Market News Video Staff
In trading on Monday, shares of Atmos Energy Corp. (ATO) crossed below their 200 day ...
EIX Crosses Above Key Moving Average Level
Tuesday, January 31, 3:59 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Edison International (EIX) crossed above their 200 day moving ...
SCG Stock Crowded With Sellers
Wednesday, February 1, 11:40 AM ET, by Market News Video Staff
In trading on Wednesday, shares of SCANA Corp (SCG) entered into oversold territory, changing hands ...
Westar Energy Stock Getting Very Oversold
By Energy Stock Channel Staff, Thursday, January 5, 3:52 PM ET
In trading on Thursday, shares of Westar Energy Inc (NYSE:WR) entered into oversold territory, changing hands as low as $54.89 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 Westar Energy Inc, the RSI reading has hit 27.6 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 59.0, the RSI of WTI Crude Oil is at 64.3, the RSI of Henry Hub Natural Gas is presently 48.6, and the 3-2-1 Crack Spread RSI is 57.8.
A bullish investor could look at WR's 27.6 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), WR's low point in its 52 week range is $40.01 per share, with $57.50 as the 52 week high point — that compares with a last trade of $54.97. Westar Energy Inc shares are currently trading down about 0.9% on the day.
WR makes up 3.08% of the iShares Edge MSCI Multifactor Utilities ETF (AMEX:UTLF)
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