Shares of RALS Now Oversold
January 24, 2014 at 16:59 PM EST
In trading on Friday, shares of the Proshares RAFI Long/Short ETF (RALS) entered into oversold territory, changing hands as low as $41.8549 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.