IXG Crosses Critical Technical Indicator
July 08, 2015 at 11:17 AM EDT
In trading on Wednesday, shares of the iShares Global Financials ETF (IXG) entered into oversold territory, changing hands as low as $55.62 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..