Memorial Resource Development (MRD) Shares Enter Oversold Territory
July 16, 2014 at 15:53 PM EDT
In trading on Wednesday, shares of Memorial Resource Development Corp (MRD) entered into oversold territory, changing hands as low as $24.25 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..