Shares of MLN Now Oversold
July 23, 2013 at 11:20 AM EDT
In trading on Tuesday, shares of the Long Municipal Index ETF (MLN) entered into oversold territory, changing hands as low as $17.58 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.