Magnum Hunter Resources Stock Getting Very Oversold
July 25, 2014 at 12:04 PM EDT
In trading on Friday, shares of Magnum Hunter Resources Corp (MHR) entered into oversold territory, changing hands as low as $6.95 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..
