Shares of FDN Now Oversold
February 05, 2016 at 10:49 AM EST
In trading on Friday, shares of the First Trust Dow Jones Internet Index Fund ETF (FDN) entered into oversold territory, changing hands as low as $61.24 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..