Alderon Iron Ore Corp Stock Getting Very Oversold
May 15, 2012 at 16:17 PM EDT
In trading on Tuesday, shares of Alderon Iron Ore Corp (AXX) entered into oversold territory, changing hands as low as $2.45 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.