SJNK Crosses Critical Technical Indicator
September 25, 2014 at 12:00 PM EDT
In trading on Thursday, shares of the SPDR Barclays Short Term High Yield Bond ETF (SJNK) entered into oversold territory, changing hands as low as $29.9601 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..