Shares of SPXU Now Oversold
Posted on January 04, 2013 at 15:55 PM EST
In trading on Friday, shares of the Proshares UltraPro Short S&P500 ETF (SPXU) entered into oversold territory, changing hands as low as $34.52 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.