HYD Crosses Critical Technical Indicator
June 04, 2013 at 15:50 PM EDT
In trading on Tuesday, shares of the High-Yield Municipal Index ETF (HYD) entered into oversold territory, changing hands as low as $32.08 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.