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Re: JD400 post# 649

Thursday, 04/19/2012 1:18:21 AM

Thursday, April 19, 2012 1:18:21 AM

Post# of 7386
In trading on Wednesday, shares of McEwen Mining Inc. (NYSE: MUX) entered into oversold territory, changing hands as low as $3.33 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.

In the case of McEwen Mining Inc., the RSI reading has hit 28.4

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