Shares of EDE Now Oversold

In trading on Monday, shares of Empire District Electric Co. (NYSE: EDE) entered into oversold territory, changing hands as low as $26.85 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.