SPDR S&P Oil & Gas Exploration & Production Getting Very Oversold
July 01, 2015 at 15:57 PM EDT
In trading on Wednesday, shares of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) entered into oversold territory, changing hands as low as $45.10 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..