First Trust Emerging Markets Local Currency Bond (FEMB) Enters Oversold Territory
March 05, 2021 at 11:25 AM EST
In trading on Friday, shares of the First Trust Emerging Markets Local Currency Bond ETF (FEMB) entered into oversold territory, changing hands as low as $34.89 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..