In the case of Pembina Pipeline Corp, the RSI reading has hit 27.2 — 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 PBA's 27.2 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), PBA's low point in its 52 week range is $32.81 per share, with $43.44 as the 52 week high point — that compares with a last trade of $36.31. Pembina Pipeline Corp shares are currently trading down about 1.8% on the day.
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Also see:
Top Stocks Held By Louis Bacon CSC Historical Stock Prices
Institutional Holders of XPEL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
