PHDG Crowded With Sellers
July 24, 2015 at 15:53 PM EDT
In trading on Friday, shares of the PowerShares S&P 500 Downside Hedged Portfolio ETF (PHDG) entered into oversold territory, changing hands as low as $25.42 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..