Shares of DUG Now Oversold
May 29, 2014 at 15:57 PM EDT
In trading on Thursday, shares of the Proshares UltraShort Oil & Gas ETF (DUG) entered into oversold territory, changing hands as low as $41.1301 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..