GNMA Crowded With Sellers
December 01, 2016 at 10:50 AM EST
In trading on Thursday, shares of the iShares GNMA Bond ETF (GNMA) entered into oversold territory, changing hands as low as $49.5227 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..