PowerShares CEF Income Composite Portfolio Getting Very Oversold
December 09, 2014 at 11:40 AM EST
In trading on Tuesday, shares of the PowerShares CEF Income Composite Portfolio ETF (PCEF) entered into oversold territory, changing hands as low as $23.63 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..