First Trust Strategic Value Index Fund (FDV) Enters Oversold Territory
Posted on May 23, 2012 at 11:32 AM EDT
In trading on Wednesday, shares of the First Trust Strategic Value Index Fund ETF (FDV) entered into oversold territory, changing hands as low as $22.11 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.