PowerShares Variable Rate Preferred Portfolio Getting Very Oversold
September 15, 2014 at 11:01 AM EDT
In trading on Monday, shares of the PowerShares Variable Rate Preferred Portfolio ETF (VRP) entered into oversold territory, changing hands as low as $24.94 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..