Concho Resources Stock Getting Very Oversold
June 22, 2017 at 16:07 PM EDT
In trading on Thursday, shares of Concho Resources Inc (CXO) entered into oversold territory, changing hands as low as $114.00 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..