iShares U.S. Consumer Goods (IYK) Enters Oversold Territory
February 03, 2014 at 11:27 AM EST
In trading on Monday, shares of the iShares US Consumer Goods ETF (IYK) entered into oversold territory, changing hands as low as $89.00 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.