Materials Select Sector SPDR Fund Getting Very Oversold
September 24, 2015 at 11:18 AM EDT
In trading on Thursday, shares of the Materials Select Sector SPDR Fund ETF (XLB) entered into oversold territory, changing hands as low as $39.47 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..