iShares S&P Global Materials Sector Index Fund Getting Very Oversold
April 01, 2013 at 15:53 PM EDT
In trading on Monday, shares of the iShares S&P Global Materials Sector Index Fund ETF (MXI) entered into oversold territory, changing hands as low as $58.7302 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.