Shares of UPRO Now Oversold
October 15, 2014 at 11:04 AM EDT
In trading on Wednesday, shares of the Proshares UltraPro S&P500 ETF (UPRO) entered into oversold territory, changing hands as low as $94.35 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..