SCHM Crosses Critical Technical Indicator
April 18, 2024 at 16:07 PM EDT
In trading on Thursday, shares of the SCHM ETF (SCHM) entered into oversold territory, changing hands as low as $75.44 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..