Shares of SPHQ Now Oversold
January 20, 2016 at 11:18 AM EST
In trading on Wednesday, shares of the PowerShares S&P 500 High Quality Portfolio ETF (SPHQ) entered into oversold territory, changing hands as low as $21.37 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..