SCJ Crosses Critical Technical Indicator
May 18, 2012 at 11:02 AM EDT
In trading on Friday, shares of the iShares MSCI Japan Small Cap Index Fund ETF (SCJ) entered into oversold territory, changing hands as low as $42.18 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.