In trading on Wednesday, shares of Allete entered into oversold territory, changing hands as low as $63.555 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 30.10 Oversold Energy Stocks »In the case of Allete, the RSI reading has hit 29.7 — by comparison, the universe of energy stocks covered by Energy Stock Channel ...