SPIB Crowded With Sellers
April 24, 2018 at 11:45 AM EDT
In trading on Tuesday, shares of the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) entered into oversold territory, changing hands as low as $33.24 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..