GNR Crosses Critical Technical Indicator
Posted on May 23, 2012 at 11:33 AM EDT
In trading on Wednesday, shares of the SPDR S&P Global Natural Resources ETF (GNR) entered into oversold territory, changing hands as low as $45.0201 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.