First Trust NYSE Arca Biotechnology Index Fund (FBT) Enters Oversold Territory
October 27, 2016 at 16:11 PM EDT
In trading on Thursday, shares of the First Trust NYSE Arca Biotechnology Index Fund ETF (FBT) entered into oversold territory, changing hands as low as $88.10 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..