PowerShares International Corporate Bond Portfolio Getting Very Oversold
September 30, 2014 at 11:06 AM EDT
In trading on Tuesday, shares of the PowerShares International Corporate Bond Portfolio ETF (PICB) entered into oversold territory, changing hands as low as $28.8454 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..