Shares of PFXF Now Oversold
August 15, 2013 at 11:02 AM EDT
In trading on Thursday, shares of the Preferred Securities ex Financials ETF (PFXF) entered into oversold territory, changing hands as low as $18.94 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.