International High Yield Bond Getting Very Oversold
March 01, 2013 at 11:24 AM EST
In trading on Friday, shares of the International High Yield Bond ETF (IHY) entered into oversold territory, changing hands as low as $26.96 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.