• National Grid (NGG) Shares Enter Oversold Territory

    Source: Forbes - Markets / 07 Oct 2016 11:49:11   Eastern Standard Time

    In trading on Friday, shares of National Grid plc (NYSE: NGG) entered into oversold territory, changing hands as low as $65.22 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. A stock is considered to be oversold if the RSI reading falls below 30. http://www.forbes.com/sites/dividendchannel/2016/10/07/national-grid-ngg-shares-enter-oversold-territory/