Shares of UEC Now Oversold
Posted on November 14, 2012 at 11:48 AM EST
In trading on Wednesday, shares of Uranium Energy Corp (UEC) entered into oversold territory, changing hands as low as $2.00 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.