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February 01, 2013 at 15:52 PM EST
iShares iBoxx $ Investment Grade Corporate Bond Fund Getting Very Oversold
In trading on Friday, shares of the iShares iBoxx $ Investment Grade Corporate Bond Fund ETF (LQD) entered into oversold territory, changing hands as low as $118.89 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.
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