First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) Enters Oversold Territory
July 06, 2015 at 16:09 PM EDT
In trading on Monday, shares of the First Trust NASDAQ-100-Technology Sector Index Fund ETF (QTEC) entered into oversold territory, changing hands as low as $41.97 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..