SPDR S&P Pharmaceuticals Getting Very Oversold
August 07, 2015 at 10:59 AM EDT
In trading on Friday, shares of the SPDR S&P Pharmaceuticals ETF (XPH) entered into oversold territory, changing hands as low as $121.14 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..