SPDR Bloomberg Emerging Markets Local Bond Getting Very Oversold
November 01, 2024 at 11:56 AM EDT
In trading on Friday, shares of the SPDR Bloomberg Emerging Markets Local Bond ETF (EBND) entered into oversold territory, changing hands as low as $20.13 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..
