Mechel OAO Stock Getting Very Oversold
November 01, 2013 at 16:05 PM EDT
In trading on Friday, shares of Mechel OAO (MTL) entered into oversold territory, changing hands as low as $3.10 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.