iShares MSCI Emerging Markets Materials Sector Index Fund (EMMT) Enters Oversold Territory
May 23, 2013 at 10:53 AM EDT
In trading on Thursday, shares of the iShares MSCI Emerging Markets Materials Sector Index Fund ETF (EMMT) entered into oversold territory, changing hands as low as $17.53 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.