Invesco Semiconductors Getting Very Oversold
August 02, 2024 at 11:51 AM EDT
In trading on Friday, shares of the Invesco Semiconductors ETF (PSI) entered into oversold territory, changing hands as low as $49.75 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..
