Shares of XLI Now Oversold
Posted on June 01, 2012 at 16:09 PM EDT
In trading on Friday, shares of the Industrial Select Sector SPDR Fund ETF (XLI) entered into oversold territory, changing hands as low as $33.69 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.