Invesco Water Resources ETF (PHO) traded as low as $67.73 on Monday and entered RSI-defined oversold territory. This is a technical indicator of short-term weakness rather than a fundamental development; monitor RSI, price action and volume for signs of mean reversion or further downside.
Invesco Water Resources ETF (PHO) traded as low as $67.73 on Monday and entered RSI-defined oversold territory. This is a technical indicator of short-term weakness rather than a fundamental development; monitor RSI, price action and volume for signs of mean reversion or further downside.
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neutral
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