Shares of MTK Now Oversold
August 24, 2015 at 12:33 PM EDT
In trading on Monday, shares of the SPDR Morgan Stanley Technology ETF (MTK) entered into oversold territory, changing hands as low as $85.00 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..