PTR Crosses Critical Technical Indicator
January 15, 2014 at 11:30 AM EST
In trading on Wednesday, shares of PetroChina Co Ltd (PTR) entered into oversold territory, changing hands as low as $103.24 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.