iShares MSCI India Getting Very Oversold
August 19, 2013 at 13:17 PM EDT
In trading on Monday, shares of the iShares MSCI India ETF (INDA) entered into oversold territory, changing hands as low as $20.72 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.