Shares of FCX Now Oversold
Posted on December 05, 2012 at 11:38 AM EST
In trading on Wednesday, shares of Freeport-McMoran Copper & Gold (FCX) entered into oversold territory, changing hands as low as $31.72 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.