Ormat Technologies Inc Stock Getting Very Oversold
Posted on November 16, 2012 at 13:26 PM EST
In trading on Friday, shares of Ormat Technologies Inc (ORA) entered into oversold territory, changing hands as low as $16.67 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.