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Bullboard - Stock Discussion Forum Enerplus Corp T.ERF

Alternate Symbol(s):  ERF

Enerplus Corporation is a Canada-based independent oil and gas exploration and production company. The Company is focused on the development of North American oil and natural gas assets. Its portfolio includes light oil assets in the Bakken, North Dakota, and a position in the Marcellus natural gas shale region in northeast Pennsylvania. The Company's operations are concentrated in the core of... see more

TSX:ERF - Post Discussion

Enerplus Corp > Oversold
View:
Post by retiredcf on Dec 11, 2023 12:33pm

Oversold

ERF is one of the 14 stocks. GLTA

The S&P/TSX Composite fell 0.5 per cent for the trading week ending with Friday’s close and is now 8.2 per cent higher for 2024. The benchmark’s Relative Strength Index (RSI) of 64 leaves it in technically neutral territory although much closer to the overbought sell signal of 70 than the technically attractive oversold RSI buy signal at 30.

There are 14 stocks trading below the buy signal this week led by First Quantum Minerals Ltd., Peyto Exploration and Development Corp., Tourmaline Oil Corp., Tamarack Valley Energy Ltd. and Baytex Energy Corp.

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