Shares of FAZ Now Oversold
September 21, 2012 at 11:45 AM EDT
In trading on Friday, shares of the Daily Financial Bear 3x Shares ETF (FAZ) entered into oversold territory, changing hands as low as $16.94 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.