Daily S&P 500 Bear 3x Shares Getting Very Oversold
February 01, 2013 at 11:27 AM 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 $14.03 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.