PowerShares High Yield Equity Dividend Achievers Portfolio (PEY) Enters Oversold Territory
January 12, 2016 at 10:51 AM EST
In trading on Tuesday, shares of the PowerShares High Yield Equity Dividend Achievers Portfolio ETF (PEY) entered into oversold territory, changing hands as low as $12.61 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..