AXX Stock Crowded With Sellers
Posted on February 28, 2013 at 11:57 AM EST
In trading on Thursday, shares of Alderon Iron Ore Corp (AXX) entered into oversold territory, changing hands as low as $1.23 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.