iShares Global Telecom (IXP) Enters Oversold Territory
December 12, 2014 at 16:01 PM EST
In trading on Friday, shares of the iShares Global Telecom ETF (IXP) entered into oversold territory, changing hands as low as $60.65 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..