Nordic American Tankers Stock Getting Very Oversold
February 05, 2016 at 15:50 PM EST
In trading on Friday, shares of Nordic American Tankers Ltd (NAT) entered into oversold territory, changing hands as low as $11.25 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..