EEML Crosses Critical Technical Indicator
January 31, 2014 at 10:54 AM EST
In trading on Friday, shares of the iShares MSCI Emerging Markets Latin America ETF (EEML) entered into oversold territory, changing hands as low as $38.20 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.