SCHN Crosses Critical Technical Indicator
June 18, 2021 at 15:58 PM EDT
In trading on Friday, shares of Schnitzer Steel Industries Inc (SCHN) entered into oversold territory, changing hands as low as $46.50 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..