RALS Crosses Critical Technical Indicator
May 18, 2012 at 11:03 AM EDT
In trading on Friday, shares of the Proshares RAFI Long/Short ETF (RALS) entered into oversold territory, changing hands as low as $35.72 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.