SPDR S&P Oil & Gas Equipment & Services Getting Very Oversold
August 15, 2017 at 10:53 AM EDT
In trading on Tuesday, shares of the SPDR S&P Oil & Gas Equipment & Services ETF (XES) entered into oversold territory, changing hands as low as $13.23 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..