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First Trust Emerging Markets Local Currency Bond (FEMB) Enters Oversold Territory

In trading on Friday, shares of the First Trust Emerging Markets Local Currency Bond ETF (FEMB) entered into oversold territory, changing hands as low as $34.89 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..
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