XOM Crosses Critical Technical Indicator

In trading on Wednesday, shares of Exxon Mobil entered into oversold territory, changing hands as low as $111.42 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.Start slideshow: 10 Oversold Energy Stocks »In the case of Exxon Mobil, the RSI reading has hit 29.5 — by comparison, the universe of energy stocks cover ...