First Trust NYSE Arca Biotechnology Index Fund Getting Very Oversold
September 28, 2015 at 11:08 AM EDT
In trading on Monday, shares of the First Trust NYSE Arca Biotechnology Index Fund ETF (FBT) entered into oversold territory, changing hands as low as $100.28 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..