Shares of FXO Now Oversold
October 15, 2014 at 15:50 PM EDT
In trading on Wednesday, shares of the First Trust Financials AlphaDEX Fund ETF (FXO) entered into oversold territory, changing hands as low as $20.552 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..