- A moving average of Short volume ratio is at a recent 2 week high. A high short volume ratio indicate selling presures.
- MACD is crossing MACD signal line at 0.2. MACD crossing signal line is bullish signal.
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes fromFinra
Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Oil prices rebounded on Tuesday morning but demand fears are growing as the IEA cut its forecast for the first quarter
By 2022, ConocoPhillips (COP) is likely to save cost and capital of $500 million through disciplined capital allocation.
4 US Integrated Oil Stocks Countering Industry Headwinds
ConocoPhillips completed the acquisition of shale producer Concho Resources after receiving shareholder approval of both companies. Shares of the oil producer fell 5.7% on Friday as crude oil prices slipped. Back in Oct. 2020, ConocoPhillips had agreed to buy rival Concho in an all-stock deal worth $9.7 billion. Per the merger agreement terms, Concho shareholders will receive 1.46 shares of ConocoPhillips common stock for each share held. ConocoPhillips’ (COP) CEO Ryan Lance said, “This acquisit...
S&P MidCap 400 constituent Trimble Inc. (NASD:TRMB) will replace Concho Resources Inc. (NYSE:CXO) in the S&P 500, S&P SmallCap 600 constituent YETI Holdings Inc. (NYSE:YETI) will replace Trimble in the S&P MidCap 400, and Hilltop Holdings Inc. (NYSE:HTH) will replace YETI Holdings in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, January 21. S&P 500/100 constituent ConocoPhillips (NYSE: COP) acquired Concho Resources in a deal completed today.
Total SE exited the American Petroleum Institute, a lobbying group that counts major oil companies among its members, after deciding it wasn't aligned with the organization on climate change.
ConocoPhillips has completed its acquisition of Concho Resources following approval by shareholders of both companies.
The Zacks Analyst Blog Highlights: ConocoPhillips, Pioneer Natural Resources and Chevron