PSCT Crosses Critical Technical Indicator
May 07, 2014 at 10:50 AM EDT
In trading on Wednesday, shares of the PowerShares S&P SmallCap Information Technology Portfolio ETF (PSCT) entered into oversold territory, changing hands as low as $41.50 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..