MUAE Crosses Critical Technical Indicator
December 19, 2012 at 11:35 AM EST
In trading on Wednesday, shares of the iShares 2016 S&P AMT-Free Municipal Series ETF (MUAE) entered into oversold territory, changing hands as low as $53.05 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.