GRID Crosses Critical Technical Indicator
May 15, 2014 at 15:48 PM EDT
In trading on Thursday, shares of the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ETF (GRID) entered into oversold territory, changing hands as low as $36.01 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..