iShares Emerging Markets Local Currency Bond Fund (LEMB) Enters Oversold Territory
May 23, 2013 at 11:25 AM EDT
In trading on Thursday, shares of the iShares Emerging Markets Local Currency Bond Fund ETF (LEMB) entered into oversold territory, changing hands as low as $52.70 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.