• Oil Services ETF Crowded With Sellers

    19 days ago - By ETF Daily News

    From ETF Channel : In trading on Thursday, shares of the Oil Services ETF entered into oversold territory.
    Changing hands as low as $18.42 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. A stock is considered to be oversold if the RSI reading falls below 30.
    In the case of Oil Services, the RSI reading has hit 29.7 - by comparison, the RSI reading for the S&P 500 is currently 51.9. A bullish investor could look at OIH's 29.7 reading as a sign that the recent heavy...
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