Shares of BIB Now Oversold
May 20, 2015 at 10:55 AM EDT
In trading on Wednesday, shares of the ProShares Ultra Nasdaq Biotechnology ETF (BIB) entered into oversold territory, changing hands as low as $84.88 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..