Shares of EWJ Now Oversold
February 10, 2016 at 16:03 PM EST
In trading on Wednesday, shares of the iShares MSCI Japan ETF (EWJ) entered into oversold territory, changing hands as low as $10.54 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..