In trading on Wednesday, shares of the PowerShares S&P 500 Downside Hedged Portfolio ETF crossed below their 200 day moving average of $28.54, changing hands as low as $27.75 per share. PowerShares S&P 500 Downside Hedged Portfolio shares are currently trading trading flat on the day.
In trading on Friday, shares of the PowerShares S&P 500 Downside Hedged Portfolio ETF entered into oversold territory, changing hands as low as $28.92 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.
September is the weakest month of the year for the stock market and may introduce a layer of volatility that you can counteract with these exchange-traded funds.