Proshares UltraShort Semiconductors Getting Very Oversold
October 21, 2013 at 10:55 AM EDT
In trading on Monday, shares of the Proshares UltraShort Semiconductors ETF (SSG) entered into oversold territory, changing hands as low as $23.33 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.