PSK Crosses Critical Technical Indicator
December 19, 2014 at 10:56 AM EST
In trading on Friday, shares of the SPDR Wells Fargo Preferred Stock ETF (PSK) entered into oversold territory, changing hands as low as $43.19 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..