 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Flex LNG Stock Getting Very OversoldBy Energy Stock Channel Staff, Monday, July 19, 11:48 AM ET
In trading on Monday, shares of Flex LNG Ltd (NYSE:FLNG) entered into oversold territory, changing hands as low as $12.50 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 Flex LNG Ltd, the RSI reading has hit 29.7 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 37.5, the RSI of WTI Crude Oil is at 34.3, the RSI of Henry Hub Natural Gas is presently 66.3, and the 3-2-1 Crack Spread RSI is 41.3. A bullish investor could look at FLNG's 29.7 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), FLNG's low point in its 52 week range is $5.13 per share, with $15.55 as the 52 week high point — that compares with a last trade of $13.01. Flex LNG Ltd shares are currently trading off about 3.4% on the day.
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
This Article's Word Cloud:
Channel
Crack
Crude
Days
Dollars
Energy
FLNG
Flex
Henry
Index
Join
Looking
Monday
NYSE
Natural
Offer
Oversold
Relative
Seven
Special
Spread
Start
Stock
Stocks
Strength
ValueForum
about
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: