Guggenheim S&P 500 Equal Weight Financial (RYF) Enters Oversold Territory
November 15, 2012 at 11:31 AM EST
In trading on Thursday, shares of the Guggenheim S&P 500 Equal Weight Financial ETF (RYF) entered into oversold territory, changing hands as low as $27.16 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.