PowerShares S&P SmallCap Consumer Discretionary Portfolio Getting Very Oversold
January 08, 2016 at 10:49 AM EST
In trading on Friday, shares of the PowerShares S&P SmallCap Consumer Discretionary Portfolio ETF (PSCD) entered into oversold territory, changing hands as low as $43.20 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..