In trading on Thursday, shares of TransAtlantic Petroleum Ltd entered into oversold territory, changing hands as low as $6.00 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.
TransAtlantic Petroleum's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Shares of TransAtlantic Petroleum (AMEX:TAT) were gapping down Friday morning with an open price 12.5% lower than Thursday's closing price. The stock closed at $1.28 yesterday and opened today's trading at $1.12.
TransAtlantic Petroleum was a leading decliner within the basic materials sector, falling 0 cents (-0.6%) to 80 cents on light volume.