PowerShares Fundamental High Yield Corporate Bond Portfolio (PHB) Enters Oversold Territory
September 28, 2015 at 11:13 AM EDT
In trading on Monday, shares of the PowerShares Fundamental High Yield Corporate Bond Portfolio ETF (PHB) entered into oversold territory, changing hands as low as $17.85 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..