IFEU Crosses Critical Technical Indicator
September 04, 2013 at 11:04 AM EDT
In trading on Wednesday, shares of the iShares Europe Developed Real Estate ETF (IFEU) entered into oversold territory, changing hands as low as $29.78 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.