iShares Floating Rate Note Fund Getting Very Oversold
Posted on May 18, 2012 at 11:03 AM EDT
In trading on Friday, shares of the iShares Floating Rate Note Fund ETF (FLOT) entered into oversold territory, changing hands as low as $49.71 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.