Hawaiian Electric Industries (HE) Shares Enter Oversold Territory
- Monday, July 18, 2016, 15:01
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In trading on Monday, shares of Hawaiian Electric Industries Inc (NYSE: HE) entered into oversold territory, changing hands as low as $30.06 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/2016/07/18/hawaiian-electric-industries-he-shares-enter-oversold-territory/
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