Proshares UltraShort Gold (GLL) Enters Oversold Territory
August 16, 2013 at 15:51 PM EDT
In trading on Friday, shares of the Proshares UltraShort Gold ETF (GLL) entered into oversold territory, changing hands as low as $83.16 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.