ArcelorMittal SA Stock Getting Very Oversold
May 16, 2012 at 11:44 AM EDT
In trading on Wednesday, shares of ArcelorMittal SA (MT) entered into oversold territory, changing hands as low as $14.7401 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.