BOIL Crosses Critical Technical Indicator
December 22, 2014 at 12:12 PM EST
In trading on Monday, shares of the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) entered into oversold territory, changing hands as low as $18.50 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..