First Trust NASDAQ Global Auto Index Fund (CARZ) Enters Oversold Territory
June 09, 2015 at 11:20 AM EDT
In trading on Tuesday, shares of the First Trust NASDAQ Global Auto Index Fund ETF (CARZ) entered into oversold territory, changing hands as low as $39.82 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..