IBCC Crosses Critical Technical Indicator
June 10, 2013 at 15:52 PM EDT
In trading on Monday, shares of the iShares 2018 Investment Grade Corporate Bond ETF (IBCC) entered into oversold territory, changing hands as low as $97.25 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.