iShares Real Estate 50 Getting Very Oversold
August 15, 2013 at 11:01 AM EDT
In trading on Thursday, shares of the iShares Real Estate 50 ETF (FTY) entered into oversold territory, changing hands as low as $38.57 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.