EGShares Emerging Markets Energy Getting Very Oversold
May 15, 2013 at 15:59 PM EDT
In trading on Wednesday, shares of the EGShares Emerging Markets Energy ETF (EMT) entered into oversold territory, changing hands as low as $10.68 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.