iShares MSCI Eurozone Getting Very Oversold
November 18, 2016 at 11:00 AM EST
In trading on Friday, shares of the iShares MSCI Eurozone ETF (EZU) entered into oversold territory, changing hands as low as $32.50 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..