iShares iBoxx $ High Yield Corporate Bond (HYG) Enters Oversold Territory

In trading on Friday, shares of the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) entered into oversold territory, changing hands as low as $89.33 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..