FPX Crowded With Sellers
November 03, 2016 at 15:50 PM EDT
In trading on Thursday, shares of the First Trust US IPO Index Fund ETF (FPX) entered into oversold territory, changing hands as low as $51.08 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..