SPDR Portfolio Intermediate Term Corporate Bond (SPIB) Enters Oversold Territory
October 03, 2023 at 16:19 PM EDT
In trading on Tuesday, shares of the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) entered into oversold territory, changing hands as low as $31.02 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..