Shares of ILTB Now Oversold
May 31, 2013 at 16:07 PM EDT
In trading on Friday, shares of the iShares Core Long-Term US Bond ETF (ILTB) entered into oversold territory, changing hands as low as $59.871 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.