CLY Crosses Critical Technical Indicator
August 19, 2013 at 15:58 PM EDT
In trading on Monday, shares of the iShares 10+ Year Credit Bond ETF (CLY) entered into oversold territory, changing hands as low as $53.61 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.