PXJ Crosses Critical Technical Indicator
October 01, 2014 at 16:12 PM EDT
In trading on Wednesday, shares of the PowerShares Dynamic Oil & Gas Services Portfolio ETF (PXJ) entered into oversold territory, changing hands as low as $24.51 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..