Shares of FPE Now Oversold
November 09, 2016 at 15:54 PM EST
In trading on Wednesday, shares of the First Trust Preferred Securities and Income ETF (FPE) entered into oversold territory, changing hands as low as $19.22 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..