Shares of SMK Now Oversold
August 07, 2013 at 15:57 PM EDT
In trading on Wednesday, shares of the Proshares UltraShort MSCI Mexico Capped IMI ETF (SMK) entered into oversold territory, changing hands as low as $22.90 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.