KBWD Crosses Critical Technical Indicator
December 15, 2014 at 15:54 PM EST
In trading on Monday, shares of the PowerShares KBW High Dividend Yield Financial Portfolio ETF (KBWD) entered into oversold territory, changing hands as low as $24.60 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..