Shares of TECL Now Oversold
October 25, 2012 at 15:49 PM EDT
In trading on Thursday, shares of the Daily Technology Bull 3X Shares ETF (TECL) entered into oversold territory, changing hands as low as $48.20 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.