SPDR Barclays Long Term Corporate Bond Getting Very Oversold
Posted on February 01, 2013 at 15:51 PM EST
In trading on Friday, shares of the SPDR Barclays Long Term Corporate Bond ETF (LWC) entered into oversold territory, changing hands as low as $39.8464 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.