Alderon Iron Ore Corp (AXX) Shares Enter Oversold Territory
Posted on September 05, 2012 at 11:54 AM EDT
In trading on Wednesday, shares of Alderon Iron Ore Corp (AXX) entered into oversold territory, changing hands as low as $1.90 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.