MTUM Crowded With Sellers
October 14, 2014 at 11:13 AM EDT
In trading on Tuesday, shares of the iShares MSCI USA Momentum Factor ETF (MTUM) entered into oversold territory, changing hands as low as $60.30 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..