iShares Russell 1000 Value Index Fund Getting Very Oversold
June 01, 2012 at 16:11 PM EDT
In trading on Friday, shares of the iShares Russell 1000 Value Index Fund ETF (IWD) entered into oversold territory, changing hands as low as $63.73 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.