EMHY Crosses Critical Technical Indicator
January 31, 2014 at 10:56 AM EST
In trading on Friday, shares of the iShares Emerging Markets High Yield Bond ETF (EMHY) entered into oversold territory, changing hands as low as $48.00 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.