McMoran Exploration Co (MMR) Shares Enter Oversold Territory
Posted on November 27, 2012 at 12:12 PM EST
In trading on Tuesday, shares of McMoran Exploration Co (MMR) entered into oversold territory, changing hands as low as $7.25 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.