Shares of QQEW Now Oversold
September 28, 2015 at 15:50 PM EDT
In trading on Monday, shares of the First Trust NASDAQ-100 Equal Weighted Index Fund ETF (QQEW) entered into oversold territory, changing hands as low as $39.29 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..