First Trust Preferred Securities and Income Getting Very Oversold
December 17, 2014 at 10:49 AM EST
In trading on Wednesday, shares of the First Trust Preferred Securities and Income ETF (FPE) entered into oversold territory, changing hands as low as $18.78 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..