Junior Gold Miners Getting Very Oversold
Posted on December 24, 2012 at 11:34 AM EST
In trading on Monday, shares of the Junior Gold Miners ETF (GDXJ) entered into oversold territory, changing hands as low as $19.01 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.