First Trust Multi Cap Growth AlphaDEX Fund (FAD) Enters Oversold Territory
October 10, 2014 at 11:14 AM EDT
In trading on Friday, shares of the First Trust Multi Cap Growth AlphaDEX Fund ETF (FAD) entered into oversold territory, changing hands as low as $43.744 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..