IYM Crosses Critical Technical Indicator
February 21, 2013 at 16:06 PM EST
In trading on Thursday, shares of the iShares Dow Jones US Basic Materials Sector Index Fund ETF (IYM) entered into oversold territory, changing hands as low as $67.95 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.