Proshares Ultra Utilities Getting Very Oversold
December 12, 2013 at 10:48 AM EST
In trading on Thursday, shares of the Proshares Ultra Utilities ETF (UPW) entered into oversold territory, changing hands as low as $64.685 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.