ERX Crosses Critical Technical Indicator
January 13, 2015 at 15:59 PM EST
In trading on Tuesday, shares of the Daily Energy Bull 3x Shares ETF (ERX) entered into oversold territory, changing hands as low as $46.57 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..