IELG Crosses Critical Technical Indicator
February 03, 2014 at 15:57 PM EST
In trading on Monday, shares of the iShares Enhanced US Large-Cap ETF (IELG) entered into oversold territory, changing hands as low as $27.2601 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.