Daily S&P 500 Bull 3x Shares Getting Very Oversold
October 15, 2014 at 11:01 AM EDT
In trading on Wednesday, shares of the Daily S&P 500 Bull 3x Shares ETF (SPXL) entered into oversold territory, changing hands as low as $62.42 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..