Convertible Securities Portfolio Getting Very Oversold
May 18, 2012 at 15:50 PM EDT
In trading on Friday, shares of the Convertible Securities Portfolio ETF (CVRT) entered into oversold territory, changing hands as low as $21.50 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.