PowerShares Variable Rate Preferred Portfolio (VRP) Enters Oversold Territory
June 10, 2015 at 10:52 AM EDT
In trading on Wednesday, shares of the PowerShares Variable Rate Preferred Portfolio ETF (VRP) entered into oversold territory, changing hands as low as $24.83 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..