EUM Crosses Critical Technical Indicator
September 18, 2013 at 16:08 PM EDT
In trading on Wednesday, shares of the Proshares Short MSCI Emerging Markets ETF (EUM) entered into oversold territory, changing hands as low as $26.00 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.