Proshares UltraShort MSCI Brazil Capped Getting Very Oversold
July 18, 2014 at 15:47 PM EDT
In trading on Friday, shares of the Proshares UltraShort MSCI Brazil Capped ETF (BZQ) entered into oversold territory, changing hands as low as $54.015 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..