Fidelity MSCI Materials Index (FMAT) Enters Oversold Territory
December 13, 2024 at 13:41 PM EST
In trading on Friday, shares of the Fidelity MSCI Materials Index ETF (FMAT) entered into oversold territory, changing hands as low as $51.1797 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..