Shares of KBWP Now Oversold
July 29, 2014 at 15:57 PM EDT
In trading on Tuesday, shares of the PowerShares KBW Property & Casualty Insurance Portfolio ETF (KBWP) entered into oversold territory, changing hands as low as $38.00 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..