Shares of LQD Now Oversold
Posted on December 18, 2012 at 15:55 PM EST
In trading on Tuesday, shares of the iShares iBoxx $ Investment Grade Corporate Bond Fund ETF (LQD) entered into oversold territory, changing hands as low as $120.30 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.