Shares of SPHB Now Oversold
July 06, 2015 at 15:56 PM EDT
In trading on Monday, shares of the PowerShares S&P 500 High Beta Portfolio ETF (SPHB) entered into oversold territory, changing hands as low as $32.92 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..