PowerShares KBW Regional Banking Portfolio Getting Very Oversold
March 27, 2017 at 10:53 AM EDT
In trading on Monday, shares of the PowerShares KBW Regional Banking Portfolio ETF (KBWR) entered into oversold territory, changing hands as low as $50.28 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..