TECS Crosses Critical Technical Indicator
September 06, 2012 at 16:01 PM EDT
In trading on Thursday, shares of the Daily Technology Bear 3X Shares ETF (TECS) entered into oversold territory, changing hands as low as $8.0799 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.