PowerShares KBW Regional Bank Portfolio Getting Very Oversold
April 28, 2014 at 15:51 PM EDT
In trading on Monday, shares of the PowerShares KBW Regional Bank Portfolio ETF (KBWR) entered into oversold territory, changing hands as low as $36.65 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..