Proshares UltraPro Short QQQ (SQQQ) Enters Oversold Territory
December 31, 2013 at 11:03 AM EST
In trading on Tuesday, shares of the Proshares UltraPro Short QQQ ETF (SQQQ) entered into oversold territory, changing hands as low as $14.48 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.