SOXS Crosses Critical Technical Indicator
May 17, 2013 at 11:12 AM EDT
In trading on Friday, shares of the Daily Semiconductor Bear 3x Shares ETF (SOXS) entered into oversold territory, changing hands as low as $16.08 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.