Shares of RETS Now Oversold
August 17, 2012 at 15:50 PM EDT
In trading on Friday, shares of the Daily Retail Bear 3x Shares ETF (RETS) entered into oversold territory, changing hands as low as $9.40 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.