SPDR S&P Bank Getting Very Oversold
January 14, 2015 at 11:07 AM EST
In trading on Wednesday, shares of the SPDR S&P Bank ETF (KBE) entered into oversold territory, changing hands as low as $30.36 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..