EGShares Emerging Markets Consumer (ECON) Enters Oversold Territory
June 03, 2015 at 15:55 PM EDT
In trading on Wednesday, shares of the EGShares Emerging Markets Consumer ETF (ECON) entered into oversold territory, changing hands as low as $25.91 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..