First Trust US IPO Index Fund (FPX) Enters Oversold Territory
August 21, 2015 at 16:27 PM EDT
In trading on Friday, shares of the First Trust US IPO Index Fund ETF (FPX) entered into oversold territory, changing hands as low as $51.44 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..