SPDR Morgan Stanley Technology Getting Very Oversold
June 01, 2012 at 11:45 AM EDT
In trading on Friday, shares of the SPDR Morgan Stanley Technology ETF (MTK) entered into oversold territory, changing hands as low as $60.95 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.