IYT Crosses Critical Technical Indicator
October 10, 2018 at 11:40 AM EDT
In trading on Wednesday, shares of the iShares Transportation Average ETF (IYT) entered into oversold territory, changing hands as low as $193.30 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..