Shares of JXI Now Oversold
June 05, 2013 at 11:13 AM EDT
In trading on Wednesday, shares of the iShares S&P Global Utilities Sector Index Fund ETF (JXI) entered into oversold territory, changing hands as low as $43.04 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.