SKF Crosses Critical Technical Indicator
February 06, 2013 at 16:19 PM EST
In trading on Wednesday, shares of the Proshares UltraShort Financials ETF (SKF) entered into oversold territory, changing hands as low as $28.8516 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.