Pacific Ethanol Stock Getting Very Oversold
September 17, 2014 at 15:53 PM EDT
In trading on Wednesday, shares of Pacific Ethanol Inc (PEIX) entered into oversold territory, changing hands as low as $16.80 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..