iShares MSCI Emerging Markets Energy Capped (EMEY) Enters Oversold Territory
July 05, 2013 at 15:54 PM EDT
In trading on Friday, shares of the iShares MSCI Emerging Markets Energy Capped ETF (EMEY) entered into oversold territory, changing hands as low as $34.10 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.