SPDR Barclays International High Yield Bond Getting Very Oversold
January 08, 2015 at 10:57 AM EST
In trading on Thursday, shares of the SPDR Barclays International High Yield Bond ETF (IJNK) entered into oversold territory, changing hands as low as $22.617 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..