First Trust Materials AlphaDEX Fund Getting Very Oversold
July 21, 2015 at 15:59 PM EDT
In trading on Tuesday, shares of the First Trust Materials AlphaDEX Fund ETF (FXZ) entered into oversold territory, changing hands as low as $30.45 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..