SBIO Getting Very Oversold
March 05, 2021 at 11:25 AM EST
In trading on Friday, shares of the SBIO ETF (SBIO) entered into oversold territory, changing hands as low as $48.49 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..