QQEW Crosses Critical Technical Indicator
February 27, 2020 at 11:27 AM EST
In trading on Thursday, shares of the First Trust NASDAQ-100 Equal Weighted Index Fund ETF (QQEW) entered into oversold territory, changing hands as low as $70.3109 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..