Shares of UMX Now Oversold
January 05, 2015 at 15:59 PM EST
In trading on Monday, shares of the ProShares Ultra MSCI Mexico Capped IMI ETF (UMX) entered into oversold territory, changing hands as low as $29.94 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..