GDXJ Crosses Critical Technical Indicator
Posted on January 28, 2013 at 12:21 PM EST
In trading on Monday, shares of the Junior Gold Miners ETF (GDXJ) entered into oversold territory, changing hands as low as $18.52 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.