PowerShares KBW Bank Portfolio (KBWB) Enters Oversold Territory
March 22, 2017 at 11:48 AM EDT
In trading on Wednesday, shares of the PowerShares KBW Bank Portfolio ETF (KBWB) entered into oversold territory, changing hands as low as $45.70 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..