BKF Crosses Critical Technical Indicator
July 05, 2013 at 11:08 AM EDT
In trading on Friday, shares of the iShares MSCI BRIC ETF (BKF) entered into oversold territory, changing hands as low as $32.89 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.