Shares of GLDX Now Oversold
April 03, 2013 at 17:52 PM EDT
In trading on Wednesday, shares of the Gold Explorers ETF (GLDX) entered into oversold territory, changing hands as low as $4.80 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.