iShares iBoxx $ High Yield Corporate Bond Getting Very Oversold
July 31, 2014 at 11:55 AM EDT
In trading on Thursday, shares of the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) entered into oversold territory, changing hands as low as $92.65 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..