In trading on Monday, shares of the FTSE RAFI Developed Markets ex-U.S. Portfolio ETF (PXF) entered into oversold territory, changing hands as low as $35.731 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. A stock is considered to be oversold if the RSI reading falls below 30.In the case of FTSE RAFI Developed Markets ex-U.S. Portfolio, the RSI reading has hit 29.2 — by comparison, the RSI reading for the S&P 500 is currently 35.3.
PXF Crowded With Sellers
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