Shares of EDZ Now Oversold
January 10, 2013 at 15:55 PM EST
In trading on Thursday, shares of the Daily Emerging Markets Bear 3x Shares ETF (EDZ) entered into oversold territory, changing hands as low as $8.65 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.