VRP Crowded With Sellers
December 14, 2015 at 10:59 AM EST
In trading on Monday, shares of the PowerShares Variable Rate Preferred Portfolio ETF (VRP) entered into oversold territory, changing hands as low as $24.11 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..