SPDR S&P Regional Banking Getting Very Oversold
May 18, 2012 at 15:56 PM EDT
In trading on Friday, shares of the SPDR S&P Regional Banking ETF (KRE) entered into oversold territory, changing hands as low as $26.15 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.