FXZ Crosses Critical Technical Indicator
July 31, 2014 at 15:58 PM EDT
In trading on Thursday, shares of the First Trust Materials AlphaDEX Fund ETF (FXZ) entered into oversold territory, changing hands as low as $32.06 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..