Shares of SLX Now Oversold
December 10, 2014 at 11:02 AM EST
In trading on Wednesday, shares of the Steel ETF (SLX) entered into oversold territory, changing hands as low as $36.92 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..