YORW Stock Crowded With Sellers

By Energy Stock Channel Staff, Wednesday, October 18, 11:23 AM ET

Start slideshow:
10 Oversold Energy Stocks »

In trading on Wednesday, shares of York Water Co (NASDAQ:YORW) entered into oversold territory, changing hands as low as $36.29 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 York Water Co, the RSI reading has hit 29.1 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 51.8, the RSI of WTI Crude Oil is at 53.2, the RSI of Henry Hub Natural Gas is presently 54.6, and the 3-2-1 Crack Spread RSI is 50.9.

A bullish investor could look at YORW's 29.1 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), YORW's low point in its 52 week range is $36.1192 per share, with $47.23 as the 52 week high point — that compares with a last trade of $36.31. York Water Co shares are currently trading off about 1.3% on the day.

York Water Co 1 Year Performance Chart

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 Henry Index Join Looking Natural Offer Oversold Relative Seven Special Spread Start Stock Stocks Strength ValueForum Water Wednesday YORW York about analysis average begin below bullish case changing chart compares comparison currently look mdash oversold point reading share shares territory that trading week with

YORW Stock Crowded With Sellers

YORW Stock Crowded With Sellers | www.EnergyStockChannel.com