Shares of SCC Now Oversold
December 19, 2014 at 16:24 PM EST
In trading on Friday, shares of the ProShares UltraShort Consumer Services ETF (SCC) entered into oversold territory, changing hands as low as $13.55 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..