SKF Crowded With Sellers
July 22, 2013 at 15:48 PM EDT
In trading on Monday, shares of the Proshares UltraShort Financials ETF (SKF) entered into oversold territory, changing hands as low as $20.05 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.