FDD Crowded With Sellers
September 30, 2014 at 15:52 PM EDT
In trading on Tuesday, shares of the First Trust STOXX European Select Dividend Index Fund ETF (FDD) entered into oversold territory, changing hands as low as $13.45 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..