SPDR Nuveen Barclays Municipal Bond Getting Very Oversold
December 27, 2012 at 10:58 AM EST
In trading on Thursday, shares of the SPDR Nuveen Barclays Municipal Bond ETF (TFI) entered into oversold territory, changing hands as low as $24.22 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.