Proshares UltraShort MSCI Japan Getting Very Oversold
May 03, 2013 at 15:53 PM EDT
In trading on Friday, shares of the Proshares UltraShort MSCI Japan ETF (EWV) entered into oversold territory, changing hands as low as $19.0301 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.