Shares of UGP Now Oversold
November 10, 2016 at 12:09 PM EST
In trading on Thursday, shares of Ultrapar Participacoes SA (UGP) entered into oversold territory, changing hands as low as $19.44 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..