SABESP Stock Getting Very Oversold
December 16, 2014 at 11:31 AM EST
In trading on Tuesday, shares of Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP (SBS) entered into oversold territory, changing hands as low as $5.76 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..