SPDR Nuveen Barclays New York Municipal Bond Getting Very Oversold
December 19, 2012 at 11:35 AM EST
In trading on Wednesday, shares of the SPDR Nuveen Barclays New York Municipal Bond ETF (INY) entered into oversold territory, changing hands as low as $24.05 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.