Proshares UltraShort Real Estate (SRS) Enters Oversold Territory

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Proshares UltraShort Real Estate (SRS) Enters Oversold Territory

By: ETF Channel

Posted on July 03, 2012 at 15:51 PM EDT

In trading on Tuesday, shares of the Proshares UltraShort Real Estate ETF (SRS) entered into oversold territory, changing hands as low as $25.57 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.