Murphy Oil (MUR) Shares Enter Oversold Territory
January 06, 2016 at 11:29 AM EST
In trading on Wednesday, shares of Murphy Oil Corp (MUR) entered into oversold territory, changing hands as low as $20.50 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..