PGX Crosses Critical Technical Indicator
October 14, 2016 at 15:50 PM EDT
In trading on Friday, shares of the PowerShares Preferred Portfolio ETF (PGX) entered into oversold territory, changing hands as low as $14.90 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..