Gold Miners Getting Very Oversold
Posted on January 28, 2013 at 12:19 PM EST
In trading on Monday, shares of the Gold Miners ETF (GDX) entered into oversold territory, changing hands as low as $41.45 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.