Shares of OIH Now Oversold
April 21, 2017 at 10:47 AM EDT
In trading on Friday, shares of the Oil Services ETF (OIH) entered into oversold territory, changing hands as low as $28.41 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..