Shares of SID Now Oversold
January 24, 2014 at 12:04 PM EST
In trading on Friday, shares of Companhia Siderurgica Nacional (SID) entered into oversold territory, changing hands as low as $4.83 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.