SLQD Crosses Critical Technical Indicator
February 25, 2021 at 15:59 PM EST
In trading on Thursday, shares of the iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) entered into oversold territory, changing hands as low as $51.82 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..