Shares of SMN Now Oversold
December 24, 2013 at 10:55 AM EST
In trading on Tuesday, shares of the Proshares UltraShort Basic Materials ETF (SMN) entered into oversold territory, changing hands as low as $35.315 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.