PowerShares Dynamic Oil & Gas Services Portfolio (PXJ) Enters Oversold Territory
August 07, 2014 at 15:49 PM EDT
In trading on Thursday, shares of the PowerShares Dynamic Oil & Gas Services Portfolio ETF (PXJ) entered into oversold territory, changing hands as low as $26.96 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..