Shares of FTCS Now Oversold
July 31, 2014 at 15:50 PM EDT
In trading on Thursday, shares of the First Trust Capital Strength ETF (FTCS) entered into oversold territory, changing hands as low as $34.3297 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..