SID Crosses Critical Technical Indicator
January 06, 2016 at 11:49 AM EST
In trading on Wednesday, shares of Companhia Siderurgica Nacional (SID) entered into oversold territory, changing hands as low as $0.8503 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..