Shares of VIXY Now Oversold
August 10, 2012 at 10:58 AM EDT
In trading on Friday, shares of the Proshares VIX Short-Term Futures ETF (VIXY) entered into oversold territory, changing hands as low as $24.58 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.