Shares of CHIM Now Oversold
April 02, 2013 at 12:05 PM EDT
In trading on Tuesday, shares of the China Materials ETF (CHIM) entered into oversold territory, changing hands as low as $7.97 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.