Invesco Water Resources (PHO) Enters Oversold Territory
March 23, 2020 at 16:18 PM EDT
In trading on Monday, shares of the Invesco Water Resources ETF (PHO) entered into oversold territory, changing hands as low as $26.19 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..