Proshares Ultra QQQ Getting Very Oversold
October 15, 2014 at 11:02 AM EDT
In trading on Wednesday, shares of the Proshares Ultra QQQ ETF (QLD) entered into oversold territory, changing hands as low as $106.7401 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..