PowerShares Fundamental High Yield Corporate Bond Portfolio Getting Very Oversold
January 15, 2016 at 10:57 AM EST
In trading on Friday, shares of the PowerShares Fundamental High Yield Corporate Bond Portfolio ETF (PHB) entered into oversold territory, changing hands as low as $16.8947 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..