Shares of AXX Now Oversold
Posted on November 01, 2012 at 15:22 PM EDT
In trading on Thursday, shares of Alderon Iron Ore Corp (AXX) entered into oversold territory, changing hands as low as $1.63 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.