China Consumer (CHIQ) Enters Oversold Territory
January 24, 2014 at 11:13 AM EST
In trading on Friday, shares of the China Consumer ETF (CHIQ) entered into oversold territory, changing hands as low as $14.61 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.