First Trust Nasdaq Artificial Intelligence and Robotics Getting Very Oversold
August 05, 2024 at 11:14 AM EDT
In trading on Monday, shares of the First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) entered into oversold territory, changing hands as low as $36.91 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..