iShares Intermediate Credit Bond Getting Very Oversold
September 05, 2013 at 11:09 AM EDT
In trading on Thursday, shares of the iShares Intermediate Credit Bond ETF (CIU) entered into oversold territory, changing hands as low as $106.11 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.