Daily Energy Bear 3x Shares Getting Very Oversold
September 10, 2012 at 11:40 AM EDT
In trading on Monday, shares of the Daily Energy Bear 3x Shares ETF (ERY) entered into oversold territory, changing hands as low as $7.71 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.