SOXX Crosses Critical Technical Indicator
May 23, 2012 at 11:01 AM EDT
In trading on Wednesday, shares of the iShares PHLX SOX Semiconductor Sector Index Fund ETF (SOXX) entered into oversold territory, changing hands as low as $49.50 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.