|Day Low/High||6.78 / 6.78|
|52 Wk Low/High||6.57 / 32.00|
CGG tanked after reporting a fourth quarter net loss that was nearly four times wider than expected.
In trading on Tuesday, shares of CGG entered into oversold territory, changing hands as low as $10.25 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.
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