FXO Crosses Critical Technical Indicator
January 08, 2016 at 16:01 PM EST
In trading on Friday, shares of the First Trust Financials AlphaDEX Fund ETF (FXO) entered into oversold territory, changing hands as low as $21.89 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..