Proshares UltraShort MidCap400 (MZZ) Enters Oversold Territory
February 06, 2013 at 11:49 AM EST
In trading on Wednesday, shares of the Proshares UltraShort MidCap400 ETF (MZZ) entered into oversold territory, changing hands as low as $21.65 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.