First Trust Nasdaq Transportation Getting Very Oversold
July 16, 2021 at 10:55 AM EDT
In trading on Friday, shares of the First Trust Nasdaq Transportation ETF (FTXR) entered into oversold territory, changing hands as low as $32.005 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..