SPDR Bloomberg Barclays High Yield Bond (JNK) Enters Oversold Territory
March 14, 2017 at 10:59 AM EDT
In trading on Tuesday, shares of the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) entered into oversold territory, changing hands as low as $36.22 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..