Shares of IGV Now Oversold
Posted on November 16, 2012 at 11:52 AM EST
In trading on Friday, shares of the iShares S&P North American Technology-Software Index Fund ETF (IGV) entered into oversold territory, changing hands as low as $58.09 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.