Mechel (MTL) Shares Enter Oversold Territory
July 08, 2015 at 16:05 PM EDT
In trading on Wednesday, shares of Mechel OAO (MTL) entered into oversold territory, changing hands as low as $0.9526 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..