Daily S&P 500 Bear 3x Shares (SPXS) Enters Oversold Territory
January 04, 2013 at 15:55 PM EST
In trading on Friday, shares of the Daily S&P 500 Bear 3x Shares ETF (SPXS) entered into oversold territory, changing hands as low as $15.42 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.