Shares of PNQI Now Oversold
January 07, 2016 at 10:51 AM EST
In trading on Thursday, shares of the PowerShares NASDAQ Internet Portfolio ETF (PNQI) entered into oversold territory, changing hands as low as $75.07 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..