RDC Crosses Critical Technical Indicator
September 10, 2014 at 11:38 AM EDT
In trading on Wednesday, shares of Rowan Companies plc (RDC) entered into oversold territory, changing hands as low as $28.165 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..