SPDR S&P Capital Markets Getting Very Oversold
October 13, 2014 at 15:51 PM EDT
In trading on Monday, shares of the SPDR S&P Capital Markets ETF (KCE) entered into oversold territory, changing hands as low as $44.87 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..