Shares of UYM Now Oversold
July 21, 2015 at 16:02 PM EDT
In trading on Tuesday, shares of the ProShares Ultra Basic Materials ETF (UYM) entered into oversold territory, changing hands as low as $43.09 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..