Canada Preferred Getting Very Oversold
August 01, 2013 at 16:04 PM EDT
In trading on Thursday, shares of the Canada Preferred ETF (CNPF) entered into oversold territory, changing hands as low as $13.085 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.