PFXF Crosses Critical Technical Indicator
September 13, 2016 at 15:54 PM EDT
In trading on Tuesday, shares of the Preferred Securities ex Financials ETF (PFXF) entered into oversold territory, changing hands as low as $20.50 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..