SPDR Barclays High Yield Bond Getting Very Oversold
July 30, 2014 at 16:07 PM EDT
In trading on Wednesday, shares of the SPDR Barclays High Yield Bond ETF (JNK) entered into oversold territory, changing hands as low as $40.81 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..