Shares of IWB Now Oversold
January 08, 2016 at 15:57 PM EST
In trading on Friday, shares of the iShares Russell 1000 ETF (IWB) entered into oversold territory, changing hands as low as $107.10 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..