Scorpio Tankers Stock Getting Very Oversold
August 14, 2019 at 11:24 AM EDT
In trading on Wednesday, shares of Scorpio Tankers Inc (STNG) entered into oversold territory, changing hands as low as $22.77 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..