In trading on Wednesday, the iShares Core MSCI Emerging Markets ETF (IEMG) saw its shares fall to as low as $64.67, entering oversold territory with a Relative Strength Index (RSI) reading of 29.4. This index, which measures momentum on a scale of zero to 100, indicates a stock is considered oversold when it falls below 30. In contrast, the S&P 500 has an RSI of 41.6.
IEMG’s performance over the past year shows a low of $47.29 and a high of $69.465, with the latest trade at $64.78, down approximately 0.7% for the day. Investors may view this low RSI as a potential buying opportunity amid recent heavy selling.
