PER Crosses Critical Technical Indicator
August 20, 2014 at 11:41 AM EDT
In trading on Wednesday, shares of SandRidge Permian Trust (PER) entered into oversold territory, changing hands as low as $11.13 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..