Shares of MCHI Now Oversold
June 14, 2013 at 16:09 PM EDT
In trading on Friday, shares of the iShares MSCI China Index Fund ETF (MCHI) entered into oversold territory, changing hands as low as $42.05 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.