Proshares UltraShort DJ-UBS Crude Oil (SCO) Enters Oversold Territory
May 21, 2014 at 11:09 AM EDT
In trading on Wednesday, shares of the Proshares UltraShort DJ-UBS Crude Oil ETF (SCO) entered into oversold territory, changing hands as low as $26.26 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..