EMFN Crosses Critical Technical Indicator
April 05, 2013 at 16:14 PM EDT
In trading on Friday, shares of the iShares MSCI Emerging Markets Financials Sector Index Fund ETF (EMFN) entered into oversold territory, changing hands as low as $25.97 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.