PowerShares Preferred Portfolio Getting Very Oversold
December 14, 2015 at 15:58 PM EST
In trading on Monday, shares of the PowerShares Preferred Portfolio ETF (PGX) entered into oversold territory, changing hands as low as $14.49 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..