Guggenheim S&P 500 Equal Weight Energy Getting Very Oversold
August 03, 2015 at 15:56 PM EDT
In trading on Monday, shares of the Guggenheim S&P 500 Equal Weight Energy ETF (RYE) entered into oversold territory, changing hands as low as $56.10 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..