Canada Preferred (CNPF) Enters Oversold Territory
October 14, 2014 at 11:13 AM EDT
In trading on Tuesday, shares of the Canada Preferred ETF (CNPF) entered into oversold territory, changing hands as low as $11.50 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..