PowerShares DB Oil Fund (DBO) Enters Oversold Territory
October 09, 2014 at 11:00 AM EDT
In trading on Thursday, shares of the PowerShares DB Oil Fund ETF (DBO) entered into oversold territory, changing hands as low as $25.666 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..