Shares of FXU Now Oversold
July 13, 2017 at 10:51 AM EDT
In trading on Thursday, shares of the First Trust Utilities AlphaDEX Fund ETF (FXU) entered into oversold territory, changing hands as low as $26.78 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..