FDRR Crosses Critical Technical Indicator
December 20, 2024 at 13:24 PM EST
In trading on Friday, shares of the Fidelity Dividend for Rising Rates ETF (FDRR) entered into oversold territory, changing hands as low as $50.73 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..