Shares of GNR Now Oversold
December 12, 2013 at 11:17 AM EST
In trading on Thursday, shares of the SPDR S&P Global Natural Resources ETF (GNR) entered into oversold territory, changing hands as low as $48.00 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.