iShares Emerging Markets High Yield Bond Getting Very Oversold
September 04, 2013 at 16:15 PM EDT
In trading on Wednesday, shares of the iShares Emerging Markets High Yield Bond ETF (EMHY) entered into oversold territory, changing hands as low as $47.97 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.