PICB Crosses Critical Technical Indicator
February 20, 2013 at 15:57 PM EST
In trading on Wednesday, shares of the International Corporate Bond Portfolio ETF (PICB) entered into oversold territory, changing hands as low as $28.54 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.