SPDR FTSE/Macquarie Global Infrastructure 100 (GII) Enters Oversold Territory
Posted on November 13, 2012 at 11:41 AM EST
In trading on Tuesday, shares of the SPDR FTSE/Macquarie Global Infrastructure 100 ETF (GII) entered into oversold territory, changing hands as low as $38.397 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.