URE Crosses Critical Technical Indicator
May 29, 2013 at 11:11 AM EDT
In trading on Wednesday, shares of the Proshares Ultra Real Estate ETF (URE) entered into oversold territory, changing hands as low as $81.2899 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.