Shares of PGHY Now Oversold
August 12, 2014 at 15:56 PM EDT
In trading on Tuesday, shares of the PowerShares Global Short Term High Yield Bond Portfolio ETF (PGHY) entered into oversold territory, changing hands as low as $24.32 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..