KBWI Crosses Critical Technical Indicator
July 30, 2014 at 16:05 PM EDT
In trading on Wednesday, shares of the PowerShares KBW Insurance Portfolio ETF (KBWI) entered into oversold territory, changing hands as low as $64.46 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..