iShares MSCI Brazil Capped (EWZ) Enters Oversold Territory
July 24, 2015 at 10:52 AM EDT
In trading on Friday, shares of the iShares MSCI Brazil Capped ETF (EWZ) entered into oversold territory, changing hands as low as $28.25 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..