iShares MSCI Brazil Getting Very Oversold
May 16, 2019 at 15:59 PM EDT
In trading on Thursday, shares of the iShares MSCI Brazil ETF (EWZ) entered into oversold territory, changing hands as low as $37.50 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..