SPDR Russell/Nomura PRIME Japan Getting Very Oversold
May 31, 2013 at 11:15 AM EDT
In trading on Friday, shares of the SPDR Russell/Nomura PRIME Japan ETF (JPP) entered into oversold territory, changing hands as low as $40.88 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.