PowerShares Dynamic Biotechnology & Genome Portfolio (PBE) Enters Oversold Territory
February 02, 2016 at 16:04 PM EST
In trading on Tuesday, shares of the PowerShares Dynamic Biotechnology & Genome Portfolio ETF (PBE) entered into oversold territory, changing hands as low as $37.25 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..