Shares of GGGG Now Oversold
Posted on February 27, 2013 at 16:00 PM EST
In trading on Wednesday, shares of the Pure Gold Miners ETF (GGGG) entered into oversold territory, changing hands as low as $8.58 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.