Proshares Ultra Bloomberg Natural Gas Getting Very Oversold
October 24, 2014 at 11:09 AM EDT
In trading on Friday, shares of the Proshares Ultra Bloomberg Natural Gas ETF (BOIL) entered into oversold territory, changing hands as low as $27.14 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..