PGF Crowded With Sellers
November 09, 2016 at 11:07 AM EST
In trading on Wednesday, shares of the PowerShares Financial Preferred Portfolio ETF (PGF) entered into oversold territory, changing hands as low as $18.50 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..