FTXL Crosses Critical Technical Indicator
April 19, 2024 at 16:31 PM EDT
In trading on Friday, shares of the First Trust Nasdaq Semiconductor ETF (FTXL) entered into oversold territory, changing hands as low as $79.56 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..