XLB Crosses Critical Technical Indicator
July 06, 2015 at 16:08 PM EDT
In trading on Monday, shares of the Materials Select Sector SPDR Fund ETF (XLB) entered into oversold territory, changing hands as low as $47.84 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..