SPDR S&P BRIC 40 (BIK) Enters Oversold Territory
April 05, 2013 at 11:34 AM EDT
In trading on Friday, shares of the SPDR S&P BRIC 40 ETF (BIK) entered into oversold territory, changing hands as low as $22.1601 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.