Emerging Market Currency Getting Very Oversold
May 28, 2013 at 11:14 AM EDT
In trading on Tuesday, shares of the Emerging Market Currency ETF (CEW) entered into oversold territory, changing hands as low as $20.71 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.