CBON Crosses Critical Technical Indicator
May 08, 2017 at 10:56 AM EDT
In trading on Monday, shares of the ChinaAMC China Bond ETF (CBON) entered into oversold territory, changing hands as low as $21.37 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..