iShares Nasdaq Biotechnology Getting Very Oversold
January 19, 2016 at 15:52 PM EST
In trading on Tuesday, shares of the iShares Nasdaq Biotechnology ETF (IBB) entered into oversold territory, changing hands as low as $273.06 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..