Insured California Municipal Bond Portfolio Getting Very Oversold
March 13, 2013 at 16:17 PM EDT
In trading on Wednesday, shares of the Insured California Municipal Bond Portfolio ETF (PWZ) entered into oversold territory, changing hands as low as $25.07 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.