KNOP Stock Crowded With Sellers
November 30, 2022 at 11:49 AM EST
In trading on Wednesday, shares of KNOT Offshore Partners LP (KNOP) entered into oversold territory, changing hands as low as $11.31 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..