SPDR Portfolio High Yield Bond Getting Very Oversold
December 19, 2024 at 11:11 AM EST
In trading on Thursday, shares of the SPDR Portfolio High Yield Bond ETF (SPHY) entered into oversold territory, changing hands as low as $23.32 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..
