Shares of PHB Now Oversold
December 09, 2014 at 15:47 PM EST
In trading on Tuesday, shares of the PowerShares Fundamental High Yield Corporate Bond Portfolio ETF (PHB) entered into oversold territory, changing hands as low as $18.65 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..