SPHQ Crosses Critical Technical Indicator
July 31, 2014 at 15:58 PM EDT
In trading on Thursday, shares of the PowerShares S&P 500 High Quality Portfolio ETF (SPHQ) entered into oversold territory, changing hands as low as $20.826 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..