Shares of XLY Now Oversold
October 16, 2014 at 10:54 AM EDT
In trading on Thursday, shares of the Consumer Discretionary Select Sector SPDR Fund ETF (XLY) entered into oversold territory, changing hands as low as $61.76 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..