PHO Crosses Critical Technical Indicator
September 25, 2014 at 11:58 AM EDT
In trading on Thursday, shares of the PowerShares Water Resources Portfolio ETF (PHO) entered into oversold territory, changing hands as low as $24.71 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..