neallesh@yahoo.co.uk

neallesh@yahoo.co.uk
38621 posts
Commodities

XOG Crosses Critical Technical Indicator

Shutterstock photo In trading on Wednesday, shares of Extraction Oil & Gas Inc (Symbol: XOG) entered into oversold territory, changing hands as low as $10.28 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 Extraction Oil & Gas Inc, the RSI reading has hit 28.9 - by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 47.7, the RSI of WTI Crude Oil is at 52.3, the RSI of Henry Hub Natural Gas is presently 55.7, and the 3-2-1 Crack Spread RSI is 65.2. A bullish investor could look at XOG's 28.9 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), XOG's low point in..

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Commodities

Spire Breaks Above 200-Day Moving Average – Bullish for SR

Shutterstock photo In trading on Wednesday, shares of Spire Inc (Symbol: SR) crossed above their 200 day moving average of $73.18, changing hands as high as $73.35 per share. Spire Inc shares are currently trading up about 1% on the day. The chart below shows the one year performance of SR shares, versus its 200 day moving average: Looking at the chart above, SR's low point in its 52 week range is $60.085 per share, with $82.85 as the 52 week high point - that compares with a last trade of $73.17. According to the ETF Finder at ETF Channel, SR makes up 2.51% of the First Trust RBA Quality Income ETF (Symbol: QINC) which is trading higher by about 1.5% on the day Wednesday. Click here to find out which 9 other energy stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. This article appears in: Investing , Commodities Referenced Symbols:..

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Commodities

Plains All American Pipeline Breaks Above 200-Day Moving Average – Bullish for PAA

Shutterstock photo In trading on Wednesday, shares of Plains All American Pipeline LP (Symbol: PAA) crossed above their 200 day moving average of $21.99, changing hands as high as $22.25 per share. Plains All American Pipeline LP shares are currently trading up about 1.4% on the day. The chart below shows the one year performance of PAA shares, versus its 200 day moving average: Looking at the chart above, PAA's low point in its 52 week range is $18.38 per share, with $31.93 as the 52 week high point - that compares with a last trade of $22.23. According to the ETF Finder at ETF Channel, PAA makes up 6.72% of the MLP ETF (Symbol: MLPA) which is trading lower by about 0.2% on the day Wednesday. Click here to find out which 9 other energy stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. This article appears in: Investing , Commoditie..

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Cryptocurrencies

Crypto Price Correction – Stellar[XLM], Ethereum[ETH], VeChain[VEN], & Nano[NANO]

At the first half of yesterday morning, it looked like the entire cryptocurrency market would break over $300 billion – unfortunately, that didn’t occur. At press time, the current cryptocurrency market cap is sitting just under $260 billion. Bitcoin (BTC) currently holds 45.4% market dominance. There isn’t any clear reason, such as a new cryptocurrency regulation or banning implemented that would cause the sudden market correction but corrections in any market are to be expected. Stellar [XLM] Source: CoinMarketCap Last week, it was announced publically by IBM that they are ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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Forex

Medicare Advantage plans will soon cover things like groceries, air conditioners

Who is Alex Azar? Air conditioners for people with asthma, healthy groceries, rides to medical appointments and home-delivered meals may be among the new benefits added to Medicare Advantage coverage when new federal rules take effect next year. On Monday, the Centers for Medicare & Medicaid Services expanded how it defines the "primarily health-related" benefits that insurers are allowed to include in their Medicare Advantage policies. And insurers would include these extras on top of providing the benefits traditional Medicare offers.

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Cryptocurrencies

STeX.Exchange Presents Ground-Breaking Cryptotrading Technology – All Cryptocurrency, One Exchange

April 4, 2018 STeX.Exchange smart cryptocurrency trading platform with automated liquidity aggregation function has developed and presented a decentralized А2А (Any2Any) technology. It allows instantaneous and direct currency exchange via a single transaction. Modern-day exchanges lack liquidity: some of them only trade popular currencies, others have dozens or hundreds of currency pairs. This makes traders use several exchanges and lose precious time on assets investment and withdrawal, therefore often failing to grasp a good offer. STeX.Exchange is the first cryptocurrency exchange that works as an aggregator: it automatically collects and combines offers ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use an..

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Forex

US business to Trump: Don’t go through with China tariffs

China announces tariffs on certain US products American business organizations have an urgentmessage for President Trump: Please don't do this. Hours after both the United States and China detailed plans for sweeping tariffs, trade groups warned that a tit-for-tat trade war between the world's two largest economies will have no winners.

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Calander

Bahrain discovers offshore oilfield ‘containing 80bn barrels’

Image copyright Getty Images Image caption Appraisals suggest the Khaleej Al Bahrain basin contains 280 to 560 billion cubic metres of gas Bahrain says a newly-discovered oil field contains up to 80bn barrels of tight (or shale) oil, dwarfing the Gulf island kingdom's current reserves. Appraisals of the offshore Khaleej Al Bahrain basin by two US firms also suggest the presence of 280bn to 560bn cubic metres of natural gas. Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa said it was not yet known how much oil could be extracted. But it could turn Bahrain into a major player in the global market. Officials expect extraction from the oil field to begin within five years, according to Bahrain's national news agency. 'Long-term production'Before the discovery, Bahrain had proven crude reserves of just 125m barrels and 92bn cubic metres of natural gas. By comparison, neighbouring Saudi Arabia, the world's top oil exporter, has 266bn barrels of proven reserves. ..

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Cryptocurrencies

Bitcoin Price Could Plunge Another 50% Before Stabilization

Bitcoin price has already lost more than 60% of its value from its all-time high and analysts expect BTC to make a further price correction before the coin completely stabilizes. Warnings and price crash predictions from analysts along with bans from big banks and social media platforms have significantly impacted cryptocurrency trader’s sentiments. Bitcoin price recovered slightly from the lows of $6,500 that it hit during the weekend; BTC trades in the range of $7000 today after a death cross pattern failed to create any significant impact on price. Analysts, however, expect ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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Commodities

Consumer Sector Update for 04/04/2018: VIAB,VIA,CBS,LEN,KMX,WHR

Shutterstock photo Top Consumer Stocks WMT +0.62% MCD +0.70% DIS +1.43% CVS +2.87% KO +2.16% Consumer stocks extended their gain this afternoon, with shares of consumer staples companies in the S&P 500 racing to a nearly 1.7% advance this afternoon while shares of consumer discretionary firms in the S&P 500 also were climbing almost 1.7%. Among consumer stocks moving on news: - Viacom (VIAB,VIA) was almost 5% higher in late Wednesday trading, reversing a 1% decline that immediately followed reports prospective suitor CBS ( CBS ) made a below-market bid for the television production company. The CBS offer calls on the television network to swap 0.55 of its share for each Viacom class B share, according to a CNBC report - trailing Viacom's contention the "market price" ratio was closer to 0.62-for-1. Viacom reportedly will now make its counteroffer to CBS by Friday, which is expected to include a premium over its current market price. In other sector news: + Lennar ( LEN )..

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Commodities

Technology Sector Update for 04/04/2018: AVI,FB,AAPL,GOOG,GOOGL

Shutterstock photo Top Tech Stocks MSFT +2.83% AAPL +1.88% IBM +3.02% CSCO +0.97% GOOG +1.11% Technology stocks turned sharply higher this afternoon, with shares of tech companies in the S&P 500 climbing almost 1.4% in value today while the Philadelphia semiconductor index was posting a nearly 1.2% decline. Among technology stocks moving on news: - AVX ( AVX ) was narrowly lower in late Wednesday trading after the electronic components company said its Germany-based subsidiary has signed a definitive agreement to acquire Kumatec Sondermaschinenbau & Kunstsoffverarbeitung for EUR12.5 million, or about $15.4 million. Kumatec develops, constructs and manufactures automation equipment and processes plastic components. The deal is expected to close by the end of the month, subject to regulatory approvals, and also includes Kumatec's 50% interest in Kumatec Hydrogen GmbH Co. KG. In other sector news: + Apple ( AAPL ) turned higher Wednesday afternoon, reversing the declines th..

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Forex

Golf wins with Tiger Woods back at the Masters

Can golf get more women into the boardroom? Tiger Woods is back at The Masters for the first time since 2015. That's good for golf. "When Tiger plays, fans tune in, it's as simple as that," said Jon Stainer, managing director for Neilsen Sports. His return to Augusta National Golf Club Thursday comes after years spent struggling with injuries. This season, Woods appears resurgent. He's done well in his last three tournaments and comes to the Masters with momentum. The Masters has always been a sweet spot for Woods. He's won the tournament four times and finished in the top 10 on nine of his other appearances. His return, coupled with the prestige of the Masters, will mean even bigger returns for the game of golf. "His return to fitness and form will [draw] swaths of viewers around the worldtotune in and increase golf's following dramatically this weekend," Stainer said. Related: Tiger Woods' Masters return evokes 'Tiger mania' of old ..

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Calander

Magners cider owner buys Conviviality

Image copyright Newscast The Irish company that owns Magners cider is buying part of the UK's biggest alcoholic drinks distributor. The wholesale division of Conviviality, which collapsed last week, is being bought by C&C in a pre-pack administration. Conviviality brands including Matthew Clark and Bibendum are included in the deal, which is backed by AB InBev. Conviviality said last week it planned to appoint administrators, putting 2,600 jobs at risk. The move followed the discovery of a £30m tax bill and a series of profit warnings. The Bargain Booze and Wine Rack retail chains, which are also owned by Conviviality, are not included in the deal and remain up for sale. The wholesale division employs about 2,000 people and it is not clear how many jobs will be saved. Stephen Glancey, C&C chief executive, said: "The last few weeks have been challenging for employees, customers and suppliers alike. We hope today's announcement can put an end to this period of disruption and ..

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Calander

Wall Street hit by trade war fears

Image copyright Getty Images Trade tensions between China and the US have been ramped up after Beijing responded to US plans for putting new taxes on hundreds of Chinese imports. China said it would place 25% trade tariffs on 106 US goods, including soybeans, aircraft and orange juice. The tit-for-tat action comes hours after Washington detailed about 1,300 Chinese products it intended to hit with tariffs - also set at 25%. Wall Street opened sharply lower, but regained ground by mid-day. After starting down more than 400 points or 1.75%, the Dow was only down by about 0.6% by late morning. The S&P 500 was about 4 points or 0.15% lower by late morning, while the Nasdaq was flat. Boeing and Caterpillar - among the firms that investors expect to be most affected by the plans for tariffs - were among the biggest losers on the Dow, starting the day more than 3% lower. Stock markets in Europe also fell, with investors taken aback by the speed of China's response. Beijing said it "str..

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Commodities

Mid-Afternoon Market Update: Dow Turns Positive; RMG Networks Holding Shares Plummet

Shutterstock photo Toward the end of trading Wednesday, the Dow traded up 0.34 percent to 24,114.88 while the NASDAQ climbed 0.70 percent to 6,990.17. The S&P also rose, gaining 0.53 percent to 2,628.38. Leading and Lagging Sectors Wednesday afternoon, the consumer staples shares gained 0.93 percent. Meanwhile, top gainers in the sector included Smart & Final Stores, Inc. (NYSE: SFS ), up 8 percent, and Pingtan Marine Enterprise Ltd. (NASDAQ: PME ), up 7 percent. In trading on Wednesday, energy shares fell 1.4 percent. Top Headline Lennar Corporation (NYSE: LEN ) reported a better-than-expected fiscal first quarter earnings report. Lennar reported adjusted earnings of $1.11 per share on revenue of $2.66 billion. However, analysts expected earnings of $0.77 per share on revenue of $2.65 billion Equities Trading UP Tenax Therapeutics, Inc. (NASDAQ: TENX ) shares shot up 66 percent to $8.85 after the company reported results of pre-IND meeting with the FDA for Phase 2 study of lev..

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Forex

Six key takeaways from the AT&T trial so far

Why the AT&T-Time Warner trial matters A little less than two weeks and eight witnesses into the trial over AT&T's proposed $85 billion purchase of Time Warner, and we already have a good sense of some of the issues the case -- which some are calling the antitrust trial of a generation -- will likely pivot around. The government sued to stop AT&T's takeover of Time Warner, CNN's parent company, arguing that it violates antitrust law because it will raise prices for consumers and harm competition because AT&T would keep other cable and satellite companies from carrying the networks it would own if the deal goes through. AT&T has argued that prices would not necessarily go up, and that it would have no reason to keep its content from competitors. Attorneys for AT&T and Time Warner have argued that the acquisition is necessary for AT&T to compete with the likes of Facebook, Apple, Amazon, Netflix and Google, as those companies increasingly enter the content markets. Governm..

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