Shares of SPXS Now Oversold
August 16, 2012 at 15:58 PM EDT
In trading on Thursday, shares of the Daily S&P 500 Bear 3x Shares ETF (SPXS) entered into oversold territory, changing hands as low as $18.32 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.