iShares Global Timber & Forestry Getting Very Oversold
April 11, 2014 at 15:58 PM EDT
In trading on Friday, shares of the iShares Global Timber & Forestry ETF (WOOD) entered into oversold territory, changing hands as low as $49.42 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..