Insured New York Municipal Bond Portfolio Getting Very Oversold
August 22, 2013 at 10:59 AM EDT
In trading on Thursday, shares of the Insured New York Municipal Bond Portfolio ETF (PZT) entered into oversold territory, changing hands as low as $21.78 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.