ArcelorMittal Stock Getting Very Oversold
October 08, 2014 at 11:51 AM EDT
In trading on Wednesday, shares of ArcelorMittal SA (MT) entered into oversold territory, changing hands as low as $12.475 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..