VCLT Crosses Critical Technical Indicator
May 31, 2013 at 11:01 AM EDT
In trading on Friday, shares of the Vanguard Long-Term Corporate Bond ETF (VCLT) entered into oversold territory, changing hands as low as $87.45 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.