Shares of SCIF ETF Now Oversold
May 22, 2012 at 10:52 AM EDT
In trading on Tuesday, shares of the India Small-Cap Index ETF (SCIF) entered into oversold territory, changing hands as low as $9.59 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.