Shares of IXC Now Oversold
November 14, 2012 at 11:28 AM EST
In trading on Wednesday, shares of the iShares S&P Global Energy Sector Index Fund ETF (IXC) entered into oversold territory, changing hands as low as $37.23 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.