iShares MSCI Global Gold Miners Getting Very Oversold
August 24, 2016 at 16:05 PM EDT
In trading on Wednesday, shares of the iShares MSCI Global Gold Miners ETF (RING) entered into oversold territory, changing hands as low as $11.23 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..