ERY Crowded With Sellers
August 08, 2012 at 15:48 PM EDT
In trading on Wednesday, shares of the Daily Energy Bear 3x Shares ETF (ERY) entered into oversold territory, changing hands as low as $8.40 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.