SOXL Crowded With Sellers
August 27, 2013 at 16:09 PM EDT
In trading on Tuesday, shares of the Daily Semiconductor Bull 3x Shares ETF (SOXL) entered into oversold territory, changing hands as low as $41.64 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.