Shares of PICB Now Oversold
November 23, 2016 at 10:54 AM EST
In trading on Wednesday, shares of the PowerShares International Corporate Bond Portfolio ETF (PICB) entered into oversold territory, changing hands as low as $24.05 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..