PLTM Crosses Critical Technical Indicator
April 15, 2013 at 11:46 AM EDT
In trading on Monday, shares of the First Trust ISE Global Platinum Index Fund ETF (PLTM) entered into oversold territory, changing hands as low as $12.36 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.