Remembering old ticker missteps ahead of any IPOs by unicorns.
In trading on Monday, shares of the PowerShares India Portfolio ETF crossed below their 200 day moving average of $21.12, changing hands as low as $21.08 per share. PowerShares India Portfolio shares are currently trading off about 1.2% on the day.
In trading on Friday, shares of the PowerShares India Portfolio ETF entered into oversold territory, changing hands as low as $20.905 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.