TWM Crosses Critical Technical Indicator
January 31, 2013 at 12:53 PM EST
In trading on Thursday, shares of the Proshares UltraShort Russell2000 ETF (TWM) entered into oversold territory, changing hands as low as $22.379 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.