XOVR Crowded With Sellers
June 03, 2013 at 16:01 PM EDT
In trading on Monday, shares of the SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR) entered into oversold territory, changing hands as low as $25.91 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.