ProShares Ultra Bloomberg Natural Gas (BOIL) Enters Oversold Territory
January 30, 2015 at 12:07 PM EST
In trading on Friday, shares of the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) entered into oversold territory, changing hands as low as $12.60 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..