WSP Holdings (WH) - Overbought - views

Wsp Holdings has hit a technical signal on 3 different technical indicators. WH is in the Energy sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $2.11 on Feb 16.

There are currently no analysts that cover the company.

Over the last 52 weeks, the stock has been trading between $0.21 and $2.47. More recently in the last 4 weeks, the stock has been trading between $0.40 and $2.47. Yesterday the stock traded between $2.11 and $2.40. The stock currently has a PE ratio of 0.0.

Wsp Holdings is trading 239.2% from its 20-day simple moving average (SMA) of $0.62 and 305.8% from its 50-day SMA and 240.65% from its 200-day SMA. Average daily volume over the last 30 days has been 45,281 shares.

At yesterdays close: the RSI was at 83.9, the CCI was at 327.1 and the Fast Stochastic was at 82.6. WH closed yesterday at $2.11, on volume of 25,700 shares as compared to an average volume of 45,281 over the last 4 weeks.

WSP Holdings Limited, through its subsidiaries, manufactures and sells oil country tubular good products. It offers casing, tubing, and drill pipes that are used for oil and natural gas exploration, drilling, and extraction activities, as well as line pipes and green pipes. The company also provides American Petroleum Institute (API) products, which are products manufactured according to the standards formulated by the API; and non-API products, which are products tailor-made to meet customers' specifications. It sells its products to oilfields in China, North America, the Middle East, Asia, Africa, and Russia through distributors and sales agents. WSP Holdings Limited was founded in 1999 and is headquartered in Wuxi, the People's Republic of China.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.