QLTA Crosses Critical Technical Indicator
June 19, 2013 at 15:53 PM EDT
In trading on Wednesday, shares of the iShares Aaa - A Rated Corporate Bond Fund ETF (QLTA) entered into oversold territory, changing hands as low as $49.96 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.