PowerShares Global Water Portfolio (PIO) Enters Oversold Territory
July 31, 2014 at 15:53 PM EDT
In trading on Thursday, shares of the PowerShares Global Water Portfolio ETF (PIO) entered into oversold territory, changing hands as low as $23.29 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..