Shares of ITR Now Oversold
May 30, 2013 at 11:06 AM EDT
In trading on Thursday, shares of the SPDR Barclays Intermediate Term Corporate Bond ETF (ITR) entered into oversold territory, changing hands as low as $34.4523 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.