iShares Russell Top 200 Growth Getting Very Oversold
January 08, 2016 at 15:55 PM EST
In trading on Friday, shares of the iShares Russell Top 200 Growth ETF (IWY) entered into oversold territory, changing hands as low as $50.63 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..