QQQ Crowded With Sellers Monday, February 8, 10:52 AM ET, by Market News Video Staff In trading on Monday, shares of the PowerShares QQQ ETF (QQQ) entered into oversold territory, ...
PowerShares QQQ Experiences Big Outflow Tuesday, February 16, 10:52 AM ET, by Market News Video Staff Symbols mentioned in this story: QQQ, QCOM, TXN, PYPL Exchange traded funds (ETFs) trade just ...
PowerShares QQQ Experiences Big Outflow Wednesday, February 24, 11:14 AM ET, by Market News Video Staff Symbols mentioned in this story: QQQ, QCOM, TXN, PYPL Exchange traded funds (ETFs) trade just ...
QQQ, AAPL, MSFT, QCOM: ETF Inflow Alert Thursday, March 3, 10:49 AM ET, by Market News Video Staff Symbols mentioned in this story: QQQ, AAPL, MSFT, QCOM Exchange traded funds (ETFs) trade just ...
We Did The Math QQQ Can Go To $128 Monday, March 7, 7:24 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
In trading on Friday, shares of the PowerShares QQQ ETF (NASDAQ:QQQ) entered into oversold territory, changing hands as low as $60.39 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. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of PowerShares QQQ, the RSI reading has hit 30.0 — by comparison, the RSI reading for the S&P 500 is currently 29.0.
A bullish investor could look at QQQ's 30.0 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), QQQ's low point in its 52 week range is $49.93 per share, with $68.55 as the 52 week high point — that compares with a last trade of $60.50. PowerShares QQQ shares are currently trading off about 2.4% on the day.
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