iShares Global Materials Getting Very Oversold
October 28, 2020 at 11:20 AM EDT
In trading on Wednesday, shares of the iShares Global Materials ETF (MXI) entered into oversold territory, changing hands as low as $67.2035 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..