Emerging Markets Local Currency Bond Enters Oversold Territory
March 05, 2015 at 15:55 PM EST
In trading on Thursday, shares of the Emerging Markets Local Currency Bond ETF (EMLC) entered into oversold territory, changing hands as low as $20.07 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..