Allete Shares Enter Oversold Territory
1. Allete's shares entered oversold territory with an RSI of 29.7. 2. The average RSI for energy stocks is significantly higher at 51.1. 3. Recent heavy selling may be exhausting, offering potential buying opportunities. 4. ALE's 52-week low is $61.51, while the high is $66.40. 5. Shares are currently down about 0.3% at $63.65.