Flex LNG Stock Getting Very Oversold
July 19, 2021 at 11:48 AM EDT
In trading on Monday, shares of Flex LNG Ltd (FLNG) entered into oversold territory, changing hands as low as $12.50 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..