IYE Crosses Critical Technical Indicator
June 01, 2012 at 11:29 AM EDT
In trading on Friday, shares of the iShares Dow Jones US Energy Sector Index Fund ETF (IYE) entered into oversold territory, changing hands as low as $35.82 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.