November 19, 2012 at 16:10 PM EST
XLU Crosses Critical Technical Indicator
In trading on Monday, shares of the Utilities Select Sector SPDR Fund ETF (XLU) entered into oversold territory, changing hands as low as $34.191 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.
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