Shares of IBB Now Oversold
April 18, 2019 at 11:04 AM EDT
In trading on Thursday, shares of the iShares Nasdaq Biotechnology ETF (IBB) entered into oversold territory, changing hands as low as $102.823 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..