In the case of Helix Energy Solutions Group Inc, the RSI reading has hit 28.7 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 48.9, the RSI of WTI Crude Oil is at 65.3, the RSI of Henry Hub Natural Gas is presently 57.7, and the 3-2-1 Crack Spread RSI is 75.9. A bullish investor could look at HLX's 28.7 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), HLX's low point in its 52 week range is $8.795 per share, with $13.05 as the 52 week high point — that compares with a last trade of $8.81. Helix Energy Solutions Group Inc shares are currently trading off about 2.6% on the day.
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Also see:
PNN Historical Stock Prices ASO shares outstanding history
EIL Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
