SIJ Crosses Critical Technical Indicator
September 14, 2012 at 11:51 AM EDT
In trading on Friday, shares of the Proshares UltraShort Industrials ETF (SIJ) entered into oversold territory, changing hands as low as $28.91 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.