FBT Crowded With Sellers
November 15, 2024 at 16:42 PM EST
In trading on Friday, shares of the First Trust NYSE Arca Biotechnology Index Fund ETF (FBT) entered into oversold territory, changing hands as low as $161.895 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..
