SID Stock Getting Very Oversold
November 14, 2014 at 11:41 AM EST
In trading on Friday, shares of Companhia Siderurgica Nacional (SID) entered into oversold territory, changing hands as low as $2.555 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..