iShares Floating Rate Bond Getting Very Oversold
December 15, 2014 at 15:54 PM EST
In trading on Monday, shares of the iShares Floating Rate Bond ETF (FLOT) entered into oversold territory, changing hands as low as $50.51 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..