Preferred Securities ex Financials Getting Very Oversold
June 29, 2015 at 16:05 PM EDT
In trading on Monday, shares of the Preferred Securities ex Financials ETF (PFXF) entered into oversold territory, changing hands as low as $20.20 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..