iShares MSCI United Kingdom Index Fund Getting Very Oversold
Posted on June 01, 2012 at 11:46 AM EDT
In trading on Friday, shares of the iShares MSCI United Kingdom Index Fund ETF (EWU) entered into oversold territory, changing hands as low as $15.275 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.