BRAQ Crosses Critical Technical Indicator
August 21, 2013 at 15:49 PM EDT
In trading on Wednesday, shares of the Brazil Consumer ETF (BRAQ) entered into oversold territory, changing hands as low as $14.98 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.