Shares of AREX Now Oversold
August 05, 2014 at 16:09 PM EDT
In trading on Tuesday, shares of Approach Resources Inc (AREX) entered into oversold territory, changing hands as low as $17.7501 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..