PBE Crosses Critical Technical Indicator
March 10, 2023 at 15:20 PM EST
In trading on Friday, shares of the Invesco Dynamic Biotechnology & Genome ETF (PBE) entered into oversold territory, changing hands as low as $61 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..