S&P 500 Energy Stocks

Earlier we noted that not one stock in the S&P 500 Energy sector was trading above its 50-day moving average.  Below we highlight the individual stocks in the sector and where they're trading relative to their 50-days. 

As shown, Massey Energy (MEE) is the furthest below its 50-day at -47.3%.  MEE is followed by NOV (-33.6%), CNX (-32.5%), NBR (-31.8%), and COG (-27%).  Tesoro (TSO), Valero (VLO) and Sunoco (SUN) are down the most year to date, but they're currently trading at some of the closest levels to their 50-days in the sector.  Exxon Mobil (XOM), which makes up nearly a third of the entire sector, is currently trading 8% below its 50-day and down 21.89% year to date.

click to enlarge

Comments

[mdmrjsds:]

Nice chart. The color coding allows slicing and dicing at a glance. Thanks.

2008 Sep 16 03:26 PM

[don2m:]

It almost would appear that there is strong manipulation in the entire sector as the numbers would indicate here.
The sector always hangs by a very thin thread anyway as evidenced by IKE last week so to say at this point that energy is dead is insane. Take the entire list and buy 500 shares of every one and sit for 2 years and the odds would support becoming a multi millionaire. When the "powers" decide that the energy sector is oversold and there is a blip in the supply or further extortion from the producers the prices will soar again. It would be an excellent investment at this particular time.

2008 Sep 16 03:54 PM

[Chuck Steak:]

I agree with you, don2m. Your investment idea seems like a good idea.


Will you loan me the money to try it?

2008 Sep 16 05:39 PM

[Ozarker:]

If you bought 500 shares of each one, you'd already be a millionaire!

2008 Sep 17 06:16 AM

[GMiki1:]

Energy is SO going to make people a LOT of money. If only I had more cash--but I guess I'm destined to make my money mostly in precious metals. I do have some CNX--oh man would I like MORE right now. And CXG. I also have some microcaps.

2008 Sep 17 08:46 AM

[User 9643:]

Interesting. Southwestern Energy, SWN, is the ONLY listed stock with a YTD price increase. But even SWN has been in a steady decline since June.

2008 Sep 17 08:59 AM

[ohm:]

I guess due to the recent sell-off in energy no one will continue to drive ICE cars or it will actually get cold this winter.

2008 Sep 17 11:11 AM

[Francorp:]

Does anyone else agree with me on XTO that this is a great play? I really feel comfortable with this model and the potential for this company

2008 Sep 30 01:20 PM