XES Crowded With Sellers
September 10, 2014 at 10:50 AM EDT
In trading on Wednesday, shares of the SPDR S&P Oil & Gas Equipment & Services ETF (XES) entered into oversold territory, changing hands as low as $42.75 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..