SPDR S&P Global Natural Resources Getting Very Oversold
April 03, 2013 at 17:33 PM EDT
In trading on Wednesday, shares of the SPDR S&P Global Natural Resources ETF (GNR) entered into oversold territory, changing hands as low as $48.9427 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.