iShares Global Utilities Getting Very Oversold
December 13, 2013 at 10:49 AM EST
In trading on Friday, shares of the iShares Global Utilities ETF (JXI) entered into oversold territory, changing hands as low as $43.54 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.