XES Crosses Critical Technical Indicator
July 31, 2014 at 11:55 AM EDT
In trading on Thursday, shares of the SPDR S&P Oil & Gas Equipment & Services ETF (XES) entered into oversold territory, changing hands as low as $45.08 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..