Oversold

RECENT NEWS
Forbes  Nov 14  Comment 
But making Blackstone Group LP an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of BX entered into oversold territory, changing hands as low as $30.93 per share.
Forbes  Nov 2  Comment 
In trading on Thursday, shares of Incyte Corporation (NASD: INCY) entered into oversold territory, hitting an RSI reading of 29.3
Forbes  Oct 23  Comment 
But making Unilever N.V. an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of UN entered into oversold territory, changing hands as low as $55.89 per share.
Forbes  Oct 21  Comment 
United Airlines is finally getting fixed after a troubling 21st century, but Wall Street suddenly lost patience during Thursday's earnings call.




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Oversold refers to a situation in Technical Analysis where the price of an asset has fallen to such a degree, usually on high volume, that an oscillator has reached a lower bound. This is generally interpreted as a sign that the price of the asset is becoming undervalued and may represent a buying opportunity.

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