In trading on Friday, shares of Whiting USA Trust II (WHZ) entered into oversold territory, changing hands as low as $12.136 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 Whiting USA Trust II, the RSI reading has hit 27.0 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 46.1, the RSI of WTI Crude Oil is at 33.1, and the RSI of Henry Hub Natural Gas is presently 36.7.
WHZ Stock Crowded With Sellers
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