Shares of EMFN Now Oversold
June 06, 2013 at 11:22 AM EDT
In trading on Thursday, shares of the iShares MSCI Emerging Markets Financials Sector Index Fund ETF (EMFN) entered into oversold territory, changing hands as low as $25.37 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.