Home / Daily News / Buckling Under the Trendline, Can This Stock Reverse Course: KLX Energy Services Holdings, Inc. (:KLXE)

 

Shares of KLX Energy Services Holdings, Inc. (:KLXE) have been on a recent steady downtrend, causing some worry for shareholders.

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Investors may be combing through all the latest company earnings reports. They may be trying to figure out which companies look like they are going to be strong over the next few quarters. Earnings reports have the ability to cause dramatic stock price swings. Many investors will stay away from making any big trades around earnings announcements. When the dust settles, it may be much easier to determine whether a stock is worth buying or if it should be sold. Keeping a close eye on historical earnings results can provide some good insight. Companies that consistently produce solid earnings may be worth looking into further, especially if the investor is on the fence about getting into the name.

It is important to consider the moving averages of a downtrending security.  We see here that KLX Energy Services Holdings, Inc. (:KLXE) is -28.54% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of -35.21% from current levels.  Further back, their 200-Day Simple Moving Average is -69.78% difference from today’s price.  Currently, the stock is -49.18% from its 50-Day High and 8.64% from the 50-day low. 

RSI and Recommendations

KLX Energy Services Holdings, Inc.’s RSI is 30.12.  Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 7.62% and month of 10.30%.  Wall Street analysts have a consensus 2.50 recommendation on the stock.  

Investors are constantly trying to set themselves up for success when dealing with the stock market. This may mean tracking the market from a variety of alternate angles. Keeping tabs on the overall economic climate can help provide valuable insight. Taking a look at the bigger picture can help investors filter down and sort out issues at the sector and individual company level. Making sense of the seemingly endless amount of data can be quite a challenge for the investor. Once investors become familiar with the data, they can start to devise a plan to help use the information to their advantage. Even though thousands of investors will have access to the same set of data, learning how to trade the data can be extremely important. 

KLX Energy Services Holdings, Inc. (:KLXE)’s performance this year to date is -77.48%.  The stock has performed -5.38% over the last seven days, -33.75% over the last thirty, and -46.40% over the last three months.  Over the last six months, KLX Energy Services Holdings, Inc.’s stock has been -73.61% and -73.85% for the year.

 
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