Proshares UltraShort Oil & Gas Getting Very Oversold
February 13, 2013 at 11:16 AM EST
In trading on Wednesday, shares of the Proshares UltraShort Oil & Gas ETF (DUG) entered into oversold territory, changing hands as low as $17.35 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.