Shares of EUFN Now Oversold
August 07, 2014 at 15:55 PM EDT
In trading on Thursday, shares of the iShares MSCI Europe Financials ETF (EUFN) entered into oversold territory, changing hands as low as $23.10 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..