iShares Emerging Markets Local Currency Bond Getting Very Oversold
November 06, 2014 at 15:52 PM EST
In trading on Thursday, shares of the iShares Emerging Markets Local Currency Bond ETF (LEMB) entered into oversold territory, changing hands as low as $47.28 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..