Invesco Fundamental High Yield Corporate Bond (PHB) Enters Oversold Territory
April 16, 2024 at 13:22 PM EDT
In trading on Tuesday, shares of the Invesco Fundamental High Yield— Corporate Bond ETF (PHB) entered into oversold territory, changing hands as low as $17.72 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..