PHB Crosses Critical Technical Indicator
November 09, 2017 at 11:09 AM EST
In trading on Thursday, shares of the PowerShares Fundamental High Yield Corporate Bond Portfolio ETF (PHB) entered into oversold territory, changing hands as low as $18.87 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..