ESR Crowded With Sellers
May 30, 2012 at 15:49 PM EDT
In trading on Wednesday, shares of the iShares MSCI Emerging Markets Eastern Europe Index Fund ETF (ESR) entered into oversold territory, changing hands as low as $21.94 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.