PowerShares Dynamic Leisure and Entertainment Portfolio (PEJ) Enters Oversold Territory
October 13, 2014 at 11:21 AM EDT
In trading on Monday, shares of the PowerShares Dynamic Leisure and Entertainment Portfolio ETF (PEJ) entered into oversold territory, changing hands as low as $31.27 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..