ProShares UltraShort QQQ (QID) Enters Oversold Territory
November 24, 2014 at 11:34 AM EST
In trading on Monday, shares of the ProShares UltraShort QQQ ETF (QID) entered into oversold territory, changing hands as low as $39.11 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..