PICK Crosses Critical Technical Indicator
February 20, 2013 at 15:59 PM EST
In trading on Wednesday, shares of the iShares MSCI Global Select Metals & Mining Producers Fund ETF (PICK) entered into oversold territory, changing hands as low as $21.70 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.