Shares of FDM Now Oversold
February 03, 2014 at 16:03 PM EST
In trading on Monday, shares of the First Trust Dow Jones Select MicroCap Index Fund ETF (FDM) entered into oversold territory, changing hands as low as $29.66 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.