In trading on Wednesday, shares of the DB Commodity Index Tracking Fund ETF (AMEX: DBC) entered into oversold territory, changing hands as low as $27.21 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 trading on Wednesday, shares of the DB Commodity Index Tracking Fund ETF (AMEX: DBC) entered into oversold territory, changing hands as low as $27.21 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.
Share this Article
Recommended