iShares Cybersecurity and Tech Getting Very Oversold
April 15, 2024 at 16:59 PM EDT
In trading on Monday, shares of the iShares Cybersecurity and Tech ETF (IHAK) entered into oversold territory, changing hands as low as $43.81 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..