Shares of MRD Now Oversold
March 12, 2015 at 11:58 AM EDT
In trading on Thursday, shares of Memorial Resource Development Corp (MRD) entered into oversold territory, changing hands as low as $16.65 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..