Shares of EGPT Now Oversold
July 13, 2015 at 11:01 AM EDT
In trading on Monday, shares of the Egypt Index ETF (EGPT) entered into oversold territory, changing hands as low as $44.20 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..