Shares of HYD Now Oversold
December 14, 2012 at 16:10 PM EST
In trading on Friday, shares of the High-Yield Municipal Index ETF (HYD) entered into oversold territory, changing hands as low as $32.03 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.