Shares of BIK Now Oversold
January 24, 2014 at 17:26 PM EST
In trading on Friday, shares of the SPDR S&P BRIC 40 ETF (BIK) entered into oversold territory, changing hands as low as $21.53 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.