NorthWestern Corp (NYSE:NWE) enters into the oversold territory


Dallas, Texas 09/04/2013 (Financialstrend) – With the trading on Tuesday, the stock of NorthWestern Corp (NYSE:NWE) was observed to have entered into the oversold territory as measured by the Relative Strength Index. The RSI of this stock was calculated to be at 29.3, while the industry average level of RSI for the universe of energy stocks is presently at 46.3. Any stock is considered to have entered into the oversold territory if the RSI moves below the level of 30 and with NorthWestern Corp, this proves to hold true. Any investors who is bullish on the stock and is planning to make an entry would find that the recent heavy selling of shares in this energy stock would be over soon. The investor could thereby look out to find suitable points of entry into NWE in the near future.

This energy sector firm had recently undertaken the cleaning up project of the Bozeman Creek which is located near the Sourdough Substation of the company. This work is expected to include the removal of pieces of concrete, asphalt, metal and other old farm implements which are on the creek’s bank. All the debris and wastes which were on the property when it was purchased by Northwestern would be completely removed and cleaned off under this project.

NorthWestern Corp (NYSE:NWE) presented loss in share prices on Tuesday to close at $40.01 per share which was a decrease of 0.40% over previous close. The intraday prices of the stock moved in the range of $39.68 to $40.62 per share and the 52 week prices are at low of $32.98 and high of $44.33 per share. The stock on Tuesday reported trading volume of 213,861.00 shares and the average level is at 182,929.00 shares per day. Presently the company has 38.46 million shares traded in the market with institutional ownership at 93%.