iShares Global Consumer Discretionary Getting Very Oversold
August 21, 2015 at 15:59 PM EDT
In trading on Friday, shares of the iShares Global Consumer Discretionary ETF (RXI) entered into oversold territory, changing hands as low as $86.4622 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..