SPDR S&P Oil & Gas Equipment & Services (XES) Enters Oversold Territory
January 09, 2015 at 10:57 AM EST
In trading on Friday, shares of the SPDR S&P Oil & Gas Equipment & Services ETF (XES) entered into oversold territory, changing hands as low as $25.92 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..