Shares of BABS Now Oversold
July 05, 2013 at 11:11 AM EDT
In trading on Friday, shares of the SPDR Nuveen Barclays Build America Bond ETF (BABS) entered into oversold territory, changing hands as low as $54.27 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.