RIO Crosses Critical Technical Indicator
Posted on March 04, 2013 at 11:36 AM EST
In trading on Monday, shares of Rio Tinto Plc (RIO) entered into oversold territory, changing hands as low as $49.89 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.